Question 31 of 90
Identify the true statement(s) with respect to the stamping of applications for non-financial mutual fund transactions. A) Time stamping is relevant. B) Date stamping is pertinent. C) Date and time stamping is done.
A
All A, B, and C are true
B
Only A and B are true
C
Only B and C are true
D
Only A and C are true
Correct Option:
C
Explanation
For non-financial transactions, the date of receipt is important for processing and record-keeping, whereas the exact time is generally not relevant. However, in practice, applications are commonly stamped with both the date and time upon receipt. Therefore, statements B and C are true.