n NISM Certifications
VII NISM Series VII
Medium

Delivery-based trades are settled in:

Practice question from NISM Series VII Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Cash only

  2. Securities only

    Correct answer

  3. C

    Cash or securities

  4. D

    Futures only

Why this is the answer

In delivery-based trades, actual shares are transferred from seller to buyer through the clearing system.

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