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      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 Correct Answer Incorrect Answer
      B II Only Correct Answer Incorrect Answer
      C III only Correct Answer Incorrect Answer
      D I and II Only Correct Answer Incorrect Answer
      E II and III only Correct Answer Incorrect Answer

      Solution

      G-Secs carry practically no risk of default and, hence, are called risk-free gilt-edged instruments. Gilt-edged securities are high-grade investment bonds offered by governments and large corporations as a means of borrowing funds.

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