1.How does the functioning of depository system compare to that of the banking system? Explain. 2. Who can act as a depository participant? What are the various services offered by the depository...

1.How does the functioning of depository system compare to that of the banking system? Explain. 2. Who can act as a depository participant? What are the various services offered by the depository participants? 3. What do you understand by the term ‘depository’? Explain, in detail, the functions of a depository. How many depositories are registered with SEBI in India?