Question
RBI allows STRIPS trading of Government bonds and
certain state government bonds. What does STRIPS stand for?Solution
STRIPS stands for Separate Trading of Registered Interest and Principal of Securities. These are securities created by converting a bond’s periodic coupon payments and the principal into individual l zero-coupon instruments. Each of these can be traded separately, allowing investors to buy specific cash flows instead of the entire bond. For example, a 10-year SDL offering annual interest of Rs 70 and repaying Rs 1,000 in principal at maturity could be split into eleven separate securities - ten interest payments and one principal payment.
What was the Current Contingent Risk Buffer (CRB) percentage for FY24 as decided by the RBI Board recently (April 2024)?
__________ and PhonePe have collaborated to provide a range of inclusive car and bike insurance products directly to users through the PhonePe platform....
The Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA) aims to achieve which of the following?
Which ministry is Bhupender Yadav in charge of ?
Which phrase is the official motto of INS Nilgiri?
PM Modi releases the 13th installment of financial benefits worth ____ to over eight crore eligible farmers under the flagship PM-KISAN scheme.
Which two entities sold a combined 4.9% stake in PNB Housing Finance?
India has the world’s largest thorium reserves, with rich deposits located in which of the following states?
What percentage stake did SBI Mutual Fund acquire in Savita Oil Technologies via a block deal?
President Droupadi Murmu received an Honorary Doctorate in Political Science from which university during her visit to Algeria?
Relevant for Exams:
