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

    Question

    Which of the following bonds have a variable rate of

    interest?
    A Floating financial bond Correct Answer Incorrect Answer
    B Floating rate bonds Correct Answer Incorrect Answer
    C Unfixed rate bonds Correct Answer Incorrect Answer
    D Volatile rate bonds Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The government to expedite its capital spending programme to support the ongoing recovery. As per FY23 budget, the gross market borrowing through dated securities was pegged at ₹14.95 lakh crore. Considering the switch operations conducted on January 28, 2022, the gross market borrowing is expected at ₹14.31 lakh crore. The borrowing is scheduled to be completed in 26 weekly tranches of ₹32,000-33,000 crore and will be spread under 2, 5, 7, 10, 14, 30, and 40-year securities and floating rate bonds (FRBs) of various tenors.

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