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Question

Clearing and settlement operations of NSE are carried out by __________.

A
NSDL
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B
SBI
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C
CDSL
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D
NSCCL
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Solution

The correct option is C NSCCL
The clearing and settlement operations of NSE are carried out by NSCCL. NSCCL (National Securities Clearing Corporation Ltd.) was incorporated in August, 1995 and it commenced its clearing operations for NSE in April, 1996.

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