UPSC Exam  >  UPSC Questions  >  With reference to Retail Direct Scheme, consi... Start Learning for Free
With reference to Retail Direct Scheme, consider the following statements :
1. It is a one-stop solution to facilitate investment in Government Securities by Individual Investors.
2. By enacting it, India becomes the first country to allow its retail investors to participate in the government securities market.
3. Non-Resident retail investors are not eligible to invest in Government securities under this scheme.
Which of the statements given above is/are correct ?
  • a)
    1 only
  • b)
    2 and 3 only
  • c)
    1 and 3 only
  • d)
    1, 2 and 3
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
With reference to Retail Direct Scheme, consider the following stateme...
  • The Reserve Bank of India’s Retail Direct scheme, a one-stop solution to facilitate investment in Government Securities by individual investors, has been issued. For free, investors can easily open and maintain their government securities accounts online with the RBI. By leveraging technological advancements, the scheme offers a portal avenue to invest in Central government securities, treasury bills, State development loans and sovereign gold bonds. So, Statement 1 is correct.
  • In India, this scheme would expand the scope for investment and improve customer grievance redressal mechanisms. The scheme places India in a list of select few countries offering such a facility. India will only be the third nation in the world, after the United States and Brazil, where retail participants can take direct exposure to the government bond market. So, Statement 2 is not correct.
  • Retail investors, that is, individuals (natural persons), are allowed to open an RDG account. Non-Resident retail investors are eligible to invest in Government Securities under Foreign Exchange Management Act 1999. So, Statement 3 is not correct.
Explore Courses for UPSC exam

Top Courses for UPSC

With reference to Retail Direct Scheme, consider the following statements :1. It is a one-stop solution to facilitate investment in Government Securities by Individual Investors.2. By enacting it, India becomes the first country to allow its retail investors to participate in the government securities market.3. Non-Resident retail investors are not eligible to invest in Government securities under this scheme.Which of the statements given above is/are correct ?a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?
Question Description
With reference to Retail Direct Scheme, consider the following statements :1. It is a one-stop solution to facilitate investment in Government Securities by Individual Investors.2. By enacting it, India becomes the first country to allow its retail investors to participate in the government securities market.3. Non-Resident retail investors are not eligible to invest in Government securities under this scheme.Which of the statements given above is/are correct ?a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct 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 With reference to Retail Direct Scheme, consider the following statements :1. It is a one-stop solution to facilitate investment in Government Securities by Individual Investors.2. By enacting it, India becomes the first country to allow its retail investors to participate in the government securities market.3. Non-Resident retail investors are not eligible to invest in Government securities under this scheme.Which of the statements given above is/are correct ?a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct 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 With reference to Retail Direct Scheme, consider the following statements :1. It is a one-stop solution to facilitate investment in Government Securities by Individual Investors.2. By enacting it, India becomes the first country to allow its retail investors to participate in the government securities market.3. Non-Resident retail investors are not eligible to invest in Government securities under this scheme.Which of the statements given above is/are correct ?a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.
Solutions for With reference to Retail Direct Scheme, consider the following statements :1. It is a one-stop solution to facilitate investment in Government Securities by Individual Investors.2. By enacting it, India becomes the first country to allow its retail investors to participate in the government securities market.3. Non-Resident retail investors are not eligible to invest in Government securities under this scheme.Which of the statements given above is/are correct ?a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of With reference to Retail Direct Scheme, consider the following statements :1. It is a one-stop solution to facilitate investment in Government Securities by Individual Investors.2. By enacting it, India becomes the first country to allow its retail investors to participate in the government securities market.3. Non-Resident retail investors are not eligible to invest in Government securities under this scheme.Which of the statements given above is/are correct ?a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of With reference to Retail Direct Scheme, consider the following statements :1. It is a one-stop solution to facilitate investment in Government Securities by Individual Investors.2. By enacting it, India becomes the first country to allow its retail investors to participate in the government securities market.3. Non-Resident retail investors are not eligible to invest in Government securities under this scheme.Which of the statements given above is/are correct ?a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?, a detailed solution for With reference to Retail Direct Scheme, consider the following statements :1. It is a one-stop solution to facilitate investment in Government Securities by Individual Investors.2. By enacting it, India becomes the first country to allow its retail investors to participate in the government securities market.3. Non-Resident retail investors are not eligible to invest in Government securities under this scheme.Which of the statements given above is/are correct ?a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of With reference to Retail Direct Scheme, consider the following statements :1. It is a one-stop solution to facilitate investment in Government Securities by Individual Investors.2. By enacting it, India becomes the first country to allow its retail investors to participate in the government securities market.3. Non-Resident retail investors are not eligible to invest in Government securities under this scheme.Which of the statements given above is/are correct ?a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice With reference to Retail Direct Scheme, consider the following statements :1. It is a one-stop solution to facilitate investment in Government Securities by Individual Investors.2. By enacting it, India becomes the first country to allow its retail investors to participate in the government securities market.3. Non-Resident retail investors are not eligible to invest in Government securities under this scheme.Which of the statements given above is/are correct ?a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev