Select the correct sequence of first five steps involved in the Trading and Settlement Procedure of Stock Exchange:
(A) Matching the share and best price available by broker
(B) Approach to a registered broker
(C) Open a Demat Account
(D) Issuance of a trade confirmation slip by broker to the investor
(E) Place an order of buying or selling with the broker
Choose the correct answer from the options given below:
(
This question was previously asked in
Shift 28/05/2023 3:30 PM - 6:30 PM
A
(C), (B), (A), (E), (D)
B
(B), (C), (A), (D), (E)
C
(B), (C), (E), (A), (D)
D
(B), (C), (A), (E), (D)
Correct Answer
(B), (C), (E), (A), (D)
Detailed Explanation
The correct sequence of the first five steps involved in the Trading and Settlement Procedure of a Stock Exchange is as follows:
- (B) Approach to a registered broker
- (C) Open a Demat Account
- (E) Place an order of buying or selling with the broker
- (A) Matching the share and best price available by the broker
- (D) Issuance of a trade confirmation slip by the broker to the investor
So, the correct answer is:
(3) (B), (C), (E), (A), (D)
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