Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Current Affairs

Topic

National: 2023

Question:

After China, India has become the second country in the world to start the ___________ settlement cycle in top listed securities w.e.f Jan 27, 2023, bringing operational efficiency, faster fund remittances, share delivery, and ease for stock market participants.

Options:

‘trade-plus-two’ (T+2)

‘trade-plus-one’ (T+1)

‘trade-plus-three’ (T+3)

‘trade-plus-four’ (T+4)

Correct Answer:

‘trade-plus-one’ (T+1)

Explanation:

After China, India has become the second country in the world to start the ‘trade-plus-one’ (T+1) settlement cycle in top listed securities w.e.f Jan 27, 2023, bringing operational efficiency, faster fund remittances, share delivery, and ease for stock market participants.