NISM Certifications · NISM-Series-X-A: Investment Adviser (Level 1) · Securities Market Segments
Under the T+1 rolling settlement cycle followed on Indian stock exchanges for equity cash market trades, a trade executed on Monday (no holidays in the week) will be settled on:
A trade done on Monday settles on Tuesday under the T+1 rolling settlement cycle, since settlement happens one working day after the trade date. Wednesday would be the answer only under the older T+2 cycle.
- ATuesdayCorrect
- BWednesday
- CThursday
- DFriday
Explanation
T+1 means settlement occurs one working day after the trade day. A Monday trade therefore settles on Tuesday. Wednesday would correspond to the older T+2 cycle, a common mistake.
Did you get it right without looking?
One question tells you little. A timed set on Securities Market Segments shows your real accuracy, how long you take and where you lose marks.
More Securities Market Segments questions
- In the Indian securities market, which statement best describes the role of a clearing corporation in the settlement of exchange-traded trad…
- Ms. Rao is analysing a company's IPO. The issue is a book-built issue with a price band of ₹180 to ₹190. Which statement about the book buil…
- Ms. Kavita Rao buys 200 shares of an Indian company on the NSE cash segment on Monday under the T+1 rolling settlement cycle, assuming no ma…
- Ms. Kavita Rao, a client of an investment adviser, wants to park surplus funds for 60 days in a instrument issued at a discount to face valu…
- In the Indian securities market, which of the following correctly describes the primary market?
- In the Indian securities market, which entity acts as the clearing corporation guaranteeing settlement of trades executed on the National St…