Question

Consider the following about Government Security (G-Sec):
I. G-Secs carry practically no risk of default.
II. These are called risk-free gilt-edged instruments.
III. Gilt-edged securities are high-grade investment bonds offered by governments only Which of the above statement is/are not correct?

A I only
B II Only
C III only
D I and II Only
E II and III only
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