Q24. Identify the correct sequence of steps involved in the screen-based trading for buying and selling of securities on stock exchange.
A. Open a beneficial owner account with the depository particip

Question

Q24. Identify the correct sequence of steps involved in the screen-based trading for buying and selling of securities on stock exchange.
A. Open a beneficial owner account with the depository participant.
B. The trade has been executed within 24 hours and a contract note is issued
C. A registered broker is approached
D. Place an order with the broker
E. The settlement cycle is on T+2 day on rolling settlement basis.
Choose the correct answer from the options given below:

FirstInTest · Accepted Answer

Correct answer: c. The correct sequence for screen-based trading is:C. A registered broker is approachedA. Open a beneficial owner account with the depository participant.D. Place an order with the brokerB. The trade has been executed within 24 hours and a contract note is issuedE. The settlement cycle is on T+2 day on rolling settlement basis.

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