It is mandatory to settle all stock market trades as per settlement cycle on ______________ on a rolling settlement basis.
It is mandatory to settle all stock market trades as per settlement cycle on ______________ on a rolling settlement basis.
Solution
✅ Correct Option: 2
As per the NCERT text, all trades in the stock market are mandatorily settled on a T+2 rolling settlement basis, i.e., within 2 days of the trade date. Hence option 2.
Note: Indian exchanges have since moved to a T+1 settlement cycle under SEBI's revised norms; we have answered as per the NCERT textbook, which the question follows.
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