Banking & Finance MCQs - 2026-04-18

T+0 settlement significantly reduces the time between trade execution and settlement, thereby enhancing market efficiency, reducing counterparty risk, and improving liquidity for investors.

India transitioned to a T+1 settlement cycle for all equity scrips from January 27, 2023, before SEBI introduced the option for T+0 settlement.

T+0 settlement means that the settlement of funds and securities happens on the same day the trade is executed (Trade date + 0 days).

As a Central Bank Digital Currency (CBDC), the Digital Rupee (e₹) is issued by the Reserve Bank of India, the country's central bank.

The primary objectives of e₹ include reducing currency management costs, enhancing payment system efficiency, and providing an alternative to physical cash. While it might indirectly benefit financial inclusion, it's not its direct primary objective in the same way as other government schemes.

The nationwide rollout of the Digital Rupee (e₹) by the RBI is primarily for the retail segment (e₹-R), allowing the general public to use it for transactions. While a wholesale CBDC (e₹-W) was also piloted, the public rollout focuses on retail use.