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      Question

      Consider the following statements regarding the

      β€œT+1” settlement cycle: 1.T in T+1 represents the trade date. 2.This cycle means that trade-related settlements occur within one hour of the actual transaction. 3.India became the first country to implement the T+1 settlement cycle in top-listed securities. which of the above statements are correct?
      A 1 only Correct Answer Incorrect Answer
      B 1 and 3 only Correct Answer Incorrect Answer
      C 1 and 2 only Correct Answer Incorrect Answer
      D 2 and 3 only Correct Answer Incorrect Answer

      Solution

      In T+1, settlement of the trade takes place in one working day and the investor will get the money on the following day.

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