n NISM Certifications
VII NISM Series VII
Medium

On Indian stock markets, the Clearing and Settlement takes place on a ______ basis.

Practice question from NISM Series VII Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Hourly

  2. Daily

    Correct answer

  3. C

    Weekly

  4. D

    Monthly

Why this is the answer

Clearing and settlement are conducted on a daily basis. After trading hours, all transaction details are sent to the Clearing Corporation, which calculates obligations for brokers and custodians to settle funds and securities within the specified time.

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