SEBI has introduced a T+1 settlement period of stocks, which makes India only the second country to implement this mechanism. Which is the first country to do so?

1. 

SEBI has introduced a T+1 settlement period of stocks, which makes India only the second country to implement this mechanism. Which is the first country to do so?
[A]. Singapore
[B]. China
[C]. United States
[D]. Australia

Answer: Option B

Explanation:

India has become the second country after China to implement a T+1 stock settlement mechanism in a phased manner. The system will be starting with select stocks and then gradually add others to the fold.
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