New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Market of government securities is also known

    as
    A Market of pure metals Correct Answer Incorrect Answer
    B Bullion market Correct Answer Incorrect Answer
    C Gilt edged securities Correct Answer Incorrect Answer
    D Market of guns Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Gilt edged securities are bonds issued by some national governments. The term is of British origin, and then referred to the debt securities issued by the Bank of England on behalf of his/her Majesty’s Treasury, whose paper certificates had a gilt edge. Hence, they are known as gilt-edged securities, or gilts for short. 

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