Practicing Success
Practicing Success
CUET Preparation Today
| Assertion: Pay-in day is also called T+2 day.
Reasoning: On the T+2 day, the exchange will deliver the share or make payment to the other broker. |
Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A. Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A. Assertion (A) is true but Reasoning (R) is not correct. Assertion (A) is not true but Reasoning (R) is correct. |
| Assertion (A) is not true but Reasoning (R) is correct. |
| On the T+2 day, the exchange will deliver the share or make payment to the other broker. This is called the pay-out day. The broker then has to make payment to the investor within 24 hours of the pay out day since he has already received payment from the exchange. Thus, Assertion (A) is not true but Reasoning (R) is correct. |
