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.
Answer & explanation
Correct answer: option 2
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.