Rohit wanted to buy 200 shares of a tech company. He contacted a stock exchange broker to buy the said shares. The broker opened his DEMAT account and placed an order to buy shares. He then went online to connect to the main stock exchange and matched the shares and the best price available. When the shares can be bought at the mentioned price, it will be communicated to the brokers terminal and the order will be executed electronically. The next step involved in the trading and settlement procedure would be:

Question

Option 1: To pay cash for the shares bought.

Option 2: To issue contract note.

Option 3: To issue unique order code number.

Option 4: Delivery of shares

AfterBoards · Accepted Answer

The answer is 'To issue contract note.'. View full solution:

CUET Business Studies 2026 13th May Shift 1 PYQs

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