n NISM Certifications
NSM General NISM
Medium

What is an Immediate Or Cancel (IOC) order?

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

Options

  1. A

    Gets executed at the best price during the day

  2. B

    Valid for one hour

  3. C

    Gets exercised on last day

  4. Executes immediately or cancels remaining

    Correct answer

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

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