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What is the term used for the day on which a stock transaction takes place?

Settlement Day

Trade Day

Delivery Day

Transaction Day

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What is the document issued by the broker that details the daily transactions and associated charges?

Trade Confirmation

Account Statement

Contract Note

Transaction Summary

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As of January 2023, how long does it typically take for purchased shares to appear in your Demat account after a buy order is executed?

Same Day (T)

Next Day (T+1)

Two Days (T+2)

Three Days (T+3)

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What is the primary purpose of the 'earmarking' process in stock settlements?

To expedite the delivery of shares to the buyer

To enhance the security of shares during the settlement process

To facilitate the calculation of brokerage fees

To streamline the transfer of funds between buyer and seller