BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What is the Public Debt Office of Reserve Bank of India?
|
|
is a central depository for all types of Government securities except Treasury Bills
|
|
|
attends to the function of note issue the Reserve Bank of India
|
|
|
is responsible for maintaining external value of the rupee
|
|
|
controls balance of payment position of the Government of India
|
Explanation:
Detailed explanation-1: -These securities are called government securities or G-secs, issued by RBI. The RBI manages the public debt of the Indian government. G-secs are issued in three forms: treasury bills, dated securities and bonds.
Detailed explanation-2: -It acknowledges the Government’s debt obligation. Such securities are short term (usually called treasury bills, with original maturities of less than one year) or long term (usually called Government bonds or dated securities with original maturity of one year or more).
Detailed explanation-3: -They can broadly be classified into four categories, namely Treasury Bills (T-bills), Cash Management Bills (CMBs), dated G-Secs, and State Development Loans (SDLs).
There is 1 question to complete.