Multiple choice general knowledge

The function of ascertaining pay-in or pay-out of brokers who have traded on the stock exchange is performed by :

  1. Stock brokers

  2. Stock Exchanges Forum

  3. NSDL

  4. Clearing Corporation
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Clearing Corporation is responsible for determining pay-in (obligations to deliver) and pay-out (obligations to receive) for brokers after trading. This is a core settlement function. Stock brokers trade, forums discuss, and NSDL operates the depository system - none handle settlement calculations.

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