Question

The Reserve Bank has notified that the retail investors can subscribe to Floating Rate Savings Bonds, 2020 (Taxable) through its Retail Direct portal. FRSBs are interest-bearing, non-tradeable bonds, issued by the central government, which are repayable on the expiration of_____ years from the date of issue.

A 5 years
B 7 years
C 9 years
D 11 years
E None of these
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