New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following is one of the objectives of

    RBI’s Retail Direct Scheme?
    A RBI Awareness Programme Correct Answer Incorrect Answer
    B A platform to engage all other regulatory bodies Correct Answer Incorrect Answer
    C A type of Ombudsman Scheme Correct Answer Incorrect Answer
    D To facilitate investment in Government Securities by individual investors Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    RBI Retail Direct Scheme Launched on 12 November 2021 Objective: To facilitate investment in Government Securities by individual investors. Features/Scope: Retail investors (individuals) will have the facility to open and maintain the ‘Retail Direct Gilt Account’ (RDG Account) with RBI. RDG Account can be opened through an ‘Online portal’ provided for the purpose of the scheme. The ‘Online portal’ will also give the registered users the following facilities: Access to primary issuance of Government securities Access to NDS-OM. (NDS-OM means RBI’s screen based, anonymous electronic order matching system for trading in Government securities in the secondary market)

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