Question

What is the maturity period of NABARD’s deep-discount bonds as approved by the government?

A 10 years and 6 months Correct Answer Incorrect Answer
B 11 years and 13 days Correct Answer Incorrect Answer
C 10 years, 11 months, and 13 days Correct Answer Incorrect Answer
D 9 years, 10 months, and 20 days Correct Answer Incorrect Answer
E 11 years exactly Correct Answer Incorrect Answer

Solution

The deep-discount bonds approved for NABARD will mature in 10 years, 11 months, and 13 days from their issuance. These are zero-coupon instruments , sold at a discount and redeemed at face value, offering returns via capital appreciation rather than periodic interest.

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