Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Financial Markets

Question:
Clearing and settlement operations of NSE are carried out by :
Options:
NSDL
CDSL
NSE Clearing Ltd (formerly NSCCL)
NSE itself
Correct Answer:
NSE Clearing Ltd (formerly NSCCL)
Explanation:
NSE Clearing Limited (formerly known as National Securities Clearing Corporation Limited), a wholly owned subsidiary of NSE is responsible for clearing and settlement of all trades executed on NSE and deposit and collateral management and risk management functions.