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

    Question

    Match the following: A) RTGS           

    P) Central Counterparty B) SSS               Q) Systematically important payment system C) CCIL              R) Government securities for outright and repo transaction D) NDS-OM      S) Trading system for dealing in  Government securities
    A A-P, B-S, C-R, D-Q Correct Answer Incorrect Answer
    B A-R, B-P, C-S, D-Q Correct Answer Incorrect Answer
    C A-R, B-S, C-Q, D-P Correct Answer Incorrect Answer
    D A-Q, B-R, C-P, D-S Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Real Time Gross Settlement System (RTGS) system is owned and operated by the RBI. It is a Systemically Important Payment System (SIPS) where the inter-bank payments settle on a 'real' time and on gross basis in the books of the RBI. Securities Settlement Systems (SSS): RBI manages and operates the SSS for the Government securities, both for outright and repo transactions conducted in the secondary market CCIL is a Central Counterparty (CCP) which was set up in April 2001 to provide clearing and settlement for transactions in Government securities, foreign exchange and money markets in the country. Negotiated Dealing System- Order Matching (NDS-OM) is an electronic, screen based, anonymous, order driven trading system for dealing in Government securities which was introduced in 2005.

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