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Consider the following statements regarding RBI Retail Direct (RBI-RD) scheme.
- RBI Retail Direct (RBI-RD) scheme facilitates investment in Government Securities by Individual Investors.
- The scheme provides investors an opportunity to invest only in primary market and not in secondary market.
- Sovereign Gold Bonds (SGB) are kept out of the scheme.
How many of the above statements are correct?
- a)Only one
- b)Only two
- c)All three
- d)None
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding RBI Retail Direct (RBI-RD)...
Statement 1: RBI Retail Direct (RBI-RD) scheme facilitates investment in Government Securities by Individual Investors.
This statement is correct. The RBI Retail Direct (RBI-RD) scheme is a new initiative launched by the Reserve Bank of India (RBI) in August 2021. It aims to democratize the government securities market and allow retail investors to directly invest in government securities. Previously, only institutional investors and high net worth individuals had access to this market. The scheme allows individual investors to invest in government securities through an online portal.
Statement 2: The scheme provides investors an opportunity to invest only in primary market and not in secondary market.
This statement is incorrect. The RBI Retail Direct (RBI-RD) scheme provides investors with an opportunity to invest in both the primary market and the secondary market. In the primary market, investors can participate in the auction of government securities and purchase them directly from the government. In the secondary market, investors can buy and sell government securities that are already issued. This provides investors with the flexibility to trade their investments if needed.
Statement 3: Sovereign Gold Bonds (SGB) are kept out of the scheme.
This statement is not mentioned in the given information. Therefore, we cannot determine its correctness.
Conclusion:
Based on the given information, only Statement 1 is correct. The RBI Retail Direct (RBI-RD) scheme facilitates investment in government securities by individual investors. However, Statement 2 is incorrect as the scheme allows investors to invest in both the primary market and the secondary market. The correctness of Statement 3 cannot be determined as it is not mentioned in the given information.
This statement is correct. The RBI Retail Direct (RBI-RD) scheme is a new initiative launched by the Reserve Bank of India (RBI) in August 2021. It aims to democratize the government securities market and allow retail investors to directly invest in government securities. Previously, only institutional investors and high net worth individuals had access to this market. The scheme allows individual investors to invest in government securities through an online portal.
Statement 2: The scheme provides investors an opportunity to invest only in primary market and not in secondary market.
This statement is incorrect. The RBI Retail Direct (RBI-RD) scheme provides investors with an opportunity to invest in both the primary market and the secondary market. In the primary market, investors can participate in the auction of government securities and purchase them directly from the government. In the secondary market, investors can buy and sell government securities that are already issued. This provides investors with the flexibility to trade their investments if needed.
Statement 3: Sovereign Gold Bonds (SGB) are kept out of the scheme.
This statement is not mentioned in the given information. Therefore, we cannot determine its correctness.
Conclusion:
Based on the given information, only Statement 1 is correct. The RBI Retail Direct (RBI-RD) scheme facilitates investment in government securities by individual investors. However, Statement 2 is incorrect as the scheme allows investors to invest in both the primary market and the secondary market. The correctness of Statement 3 cannot be determined as it is not mentioned in the given information.
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Consider the following statements regarding RBI Retail Direct (RBI-RD)...
Only Statement 1 is correct.
Reserve Bank of India (RBI) Retail Direct Scheme. The scheme provides investors an opportunity to invest in government securities in a safe and hassle-free way, in the primary and secondary market. Government securities under this scheme, includes Government of India Treasury Bills (T-Bills), Government of India dated securities (dated G-Sec), State Development Loans (SDLs), Sovereign Gold Bonds (SGB). Retail Direct Scheme offers retail investors the opportunity to buy securities directly and free of charges. Individual retailers can open a Gilt Securities Account, called a Retail Direct Gilt (RDG) account with RBI to participate in the buying and selling of government securities.
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Consider the following statements regarding RBI Retail Direct (RBI-RD) scheme. RBI Retail Direct (RBI-RD) scheme facilitates investment in Government Securities by Individual Investors. The scheme provides investors an opportunity to invest only in primary market and not in secondary market. Sovereign Gold Bonds (SGB) are kept out of the scheme.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'A'. Can you explain this answer?
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Consider the following statements regarding RBI Retail Direct (RBI-RD) scheme. RBI Retail Direct (RBI-RD) scheme facilitates investment in Government Securities by Individual Investors. The scheme provides investors an opportunity to invest only in primary market and not in secondary market. Sovereign Gold Bonds (SGB) are kept out of the scheme.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding RBI Retail Direct (RBI-RD) scheme. RBI Retail Direct (RBI-RD) scheme facilitates investment in Government Securities by Individual Investors. The scheme provides investors an opportunity to invest only in primary market and not in secondary market. Sovereign Gold Bonds (SGB) are kept out of the scheme.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding RBI Retail Direct (RBI-RD) scheme. RBI Retail Direct (RBI-RD) scheme facilitates investment in Government Securities by Individual Investors. The scheme provides investors an opportunity to invest only in primary market and not in secondary market. Sovereign Gold Bonds (SGB) are kept out of the scheme.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'A'. Can you explain this answer?.
Consider the following statements regarding RBI Retail Direct (RBI-RD) scheme. RBI Retail Direct (RBI-RD) scheme facilitates investment in Government Securities by Individual Investors. The scheme provides investors an opportunity to invest only in primary market and not in secondary market. Sovereign Gold Bonds (SGB) are kept out of the scheme.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding RBI Retail Direct (RBI-RD) scheme. RBI Retail Direct (RBI-RD) scheme facilitates investment in Government Securities by Individual Investors. The scheme provides investors an opportunity to invest only in primary market and not in secondary market. Sovereign Gold Bonds (SGB) are kept out of the scheme.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding RBI Retail Direct (RBI-RD) scheme. RBI Retail Direct (RBI-RD) scheme facilitates investment in Government Securities by Individual Investors. The scheme provides investors an opportunity to invest only in primary market and not in secondary market. Sovereign Gold Bonds (SGB) are kept out of the scheme.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'A'. Can you explain this answer?.
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