New Master Descriptive Writing with our RBI One-Month Batch!
Register

Question

Consider the following statements:

1. The auctions of the G-Secs are conducted on the electronic platform called the E-Kuber.

2. Only the members of E-Kuber can participate in the primary auction of the G-Secs.

3. G-Secs are issued through auctions conducted by RBI.

Which of the statements given above is/are correct?

A 1 only Correct Answer Incorrect Answer
B 2 only Correct Answer Incorrect Answer
C 1 and 2 Correct Answer Incorrect Answer
D 1 and 3 Correct Answer Incorrect Answer
E 3 only Correct Answer Incorrect Answer

Solution

Statement 1 is correct: Auctions are conducted on the electronic platform called the E-Kuber, the Core Banking Solution (CBS) platform of RBI. Statement 2 is incorrect: All non-E-Kuber members including non-scheduled UCBs can participate in the primary auction through scheduled commercial banks or PDs (called as Primary Members-PMs). Statement 3 is correct: G-Secs are issued through auctions conducted by RBI. Auctions are conducted on the electronic platform called the E-Kuber, the Core Banking Solution (CBS) platform of RBI.

Practice Next

Relevant for Exams:

×
×