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With reference to the T+1 Settlement Cycle, consider the following statements:
1. Under the T+1 Settlement Cycle, all the transactions on the stock exchanges would have to be settled within an hour.
2. Presently, the SEBI has made the adoption of the T+1 Settlement Cycle voluntary.
3. India is the first country to have adopted the T+1 Settlement Cycle.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 and 3 only
  • c)
    2 only
  • d)
    3 only
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the T+1 Settlement Cycle, consider the following sta...
The ‘Settlement’ refers to the official transfer of the shares from the seller's account to the buyer's account. Earlier, India was following the T+2 Settlement and has now adopted the T+1 Settlement. T+1 means that the trade-related settlements must be done within one day of the transaction's completion. Most large stock markets, like in the US, Europe and Japan, still follow the T+2 Settlement Cycle of trade settlement. India has now become the second country, after China, to go for the T+1 Settlement. However, as of now, adoption of the T + 1 Settlement Cycle has been made voluntary.
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With reference to the T+1 Settlement Cycle, consider the following statements:1. Under the T+1 Settlement Cycle, all the transactions on the stock exchanges would have to be settled within an hour.2. Presently, the SEBI has made the adoption of the T+1 Settlement Cycle voluntary.3. India is the first country to have adopted the T+1 Settlement Cycle.Which of the statements given above is/are correct?a)1 onlyb)2 and 3 onlyc)2 onlyd)3 onlyCorrect answer is option 'C'. Can you explain this answer?
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With reference to the T+1 Settlement Cycle, consider the following statements:1. Under the T+1 Settlement Cycle, all the transactions on the stock exchanges would have to be settled within an hour.2. Presently, the SEBI has made the adoption of the T+1 Settlement Cycle voluntary.3. India is the first country to have adopted the T+1 Settlement Cycle.Which of the statements given above is/are correct?a)1 onlyb)2 and 3 onlyc)2 onlyd)3 onlyCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the T+1 Settlement Cycle, consider the following statements:1. Under the T+1 Settlement Cycle, all the transactions on the stock exchanges would have to be settled within an hour.2. Presently, the SEBI has made the adoption of the T+1 Settlement Cycle voluntary.3. India is the first country to have adopted the T+1 Settlement Cycle.Which of the statements given above is/are correct?a)1 onlyb)2 and 3 onlyc)2 onlyd)3 onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the T+1 Settlement Cycle, consider the following statements:1. Under the T+1 Settlement Cycle, all the transactions on the stock exchanges would have to be settled within an hour.2. Presently, the SEBI has made the adoption of the T+1 Settlement Cycle voluntary.3. India is the first country to have adopted the T+1 Settlement Cycle.Which of the statements given above is/are correct?a)1 onlyb)2 and 3 onlyc)2 onlyd)3 onlyCorrect answer is option 'C'. Can you explain this answer?.
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