n NISM Certifications
VIII NISM Series VIII
Medium

When the order is 'Immediate-Or-Cancel' then the unmatched portion of the order is ________ .

Practice question from NISM Series VIII - Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Is added to the order book as a limit order

  2. Is cancelled immediately

    Correct answer

  3. C

    Executed after the normal trading hours

  4. D

    Is executed the next trading day

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

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