National Stock Exchange of India (NSE) has announced the launch of its e-Gsec platform for facilitating the non-competitive bidding in Government of India Dated Securities (G-Sec) and Treasury Bills (T-Bills). Where is the Corporate Office of NSE?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

National Stock Exchange of India (NSE) has announced the launch of its “e-Gsec” platform for facilitating the non-competitive bidding in Government of India Dated Securities (G-Sec) and Treasury Bills (T-Bills). Where is the Corporate Office of NSE?

A	New Delhi
B	Mumbai
C	Pune
D	Kolkata

Explanation:

Detailed explanation-1: -To encourage retail investors in G-sec, SDL and T-Bills, the facility of non-competitive bidding (NCB) has been introduced. Under the scheme, eligible retail investors apply for a certain amount of securities in an auction without mentioning price/yield.

Detailed explanation-2: -Competitive bids up to the cut-off rate are allotted at bid rate. Competitive bids above the cut-off rate are rejected. Non-competitive bids are allotted at the weighted average rate at the cut-off rate determined at the auction. All non-competitive bids are accepted in full.

Detailed explanation-3: -1.5 Dated G-Secs are securities which carry a fixed or floating coupon (interest rate) which is paid on the face value, on half-yearly basis.

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