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    Question

    Reserve Bank of India will issue new five-year

    government bonds (maturing in 2028) to raise about _____ in the first bond auction of the current financial year in April, 2023.
    A Rs.10000 crore Correct Answer Incorrect Answer
    B Rs.8500 crore Correct Answer Incorrect Answer
    C Rs.8000 crore Correct Answer Incorrect Answer
    D Rs.7600 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

         Reserve Bank of India will issue new five-year government bonds (maturing in 2028) to raise about Rs 8,000 crore in the first bond auction of the current financial year on April 06, 2023.      The government of India (GoI) has indicated that it wants to mobilise up to Rs 33,000 crore through auction of three securities maturing in 2028, 2033 and 2052. GoI will have the option to retain additional subscription up to Rs 2,000 crore against each security.

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