Question

What does a 'Zero-Coupon Bond' mean? 

A A bond that pays zero interest but is issued at a deep discount to its face value.
B A bond issued by the government with 0% risk.
C A bond that has been defaulted upon.
D A bond where the interest is paid only at the very beginning.
E A bond that can be converted into equity for free.
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)