n NISM Certifications
VII NISM Series VII
Medium

_______ Settlement is a mechanism for settling trades done on a stock exchange on T+X days, where X could be 1–5 days.

Practice question from NISM Series VII Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Cash

  2. B

    Special

  3. C

    Cyclical

  4. Rolling

    Correct answer

Why this is the answer

India follows T+1 rolling settlement, meaning trades are settled with members the next working day from the trade date.

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NISM Series VII Mock Test 4