Question
Business Studies Question on Financial Markets
Identify the correct sequence of trading settlement procedure:
(A) The investor has to sign a broker client agreement.
(B) The investor has to open a ’Demat’ Account.
(C) An order confirmation slip is issued to the investor by the broker.
(D) The broker will then go online and connect to the main stock exchange.
Choose the correct answer from the options given below:
A
(A), (B), (C), (D)
B
(A), (C), (B), (D)
C
(B), (A), (D), (C)
D
(C), (B), (D), (A)
Answer
(A), (B), (C), (D)
Explanation
Solution
The correct sequence is: Signing a broker-client agreement, Opening a Demat account, Issuing an order confirmation slip, and Broker connecting to the stock exchange.