With reference to terms used in the Indian stock market, consider the following statements: 1. A scrip share is a bonus share issued to existing shareholders at no additional charge. 2. Kerb dealings refer to transactions that happen during regular trading hours on stock exchanges. 3. Badla refers to the postponement of transactions by buyers, also known as contango in the Western world. Which of the statements given above is/are correct? |ForumIAS

[A] 1 and 3 only

[B] 2 and 3 only

[C] 1 and 2 only

[D] 1, 2 and 3

Answer: A

Notes:

Explanation:

A scrip share is indeed a bonus share given free to existing shareholders.
Kerb dealings happen outside stock exchanges, unofficially, and after normal trading hours.
Badla is when buyers want to postpone the transaction, and it’s referred to as contango in the Western markets.

Source: Indian Economy (Ramesh Singh)