n NISM Certifications
NSM General NISM
Medium

An Immediate Or Cancel (IOC) order means:

Practice question from NISM Series I - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Gets exercised on the last day

  2. B

    Is valid for one hour after entry

  3. Is either executed or cancelled immediately upon entry

    Correct answer

  4. D

    Gets executed at the best price during the day

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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