📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Consider the following statements regarding the

    “T+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.

    Practice Next
    More Monthly Quiz General Awareness Questions
    ask-question