Which of the following is the first and largest depository presently operational in India?

Correct option is D

The correct answer is (d) NSDL.

The National Securities Depository Limited (NSDL) is India's first and largest depository. It was established in 1996 to facilitate the holding and trading of securities in electronic form. NSDL played a crucial role in the dematerialization of shares and bonds, enabling seamless electronic transactions in India's financial markets.

Information Booster:
● NSDL was established under the Depositories Act, 1996.
● It reduced paperwork and the risk of forgery in trading.
● Provides services like dematerialization, rematerialization, and pledge of securities.
● NSDL's competitor is CDSL (Central Depository Services Limited).
● It works closely with SEBI to ensure investor protection.
● NSDL also provides services for mutual funds and bonds.