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

    Question

    In which circumstance can a Government security be held

    in the name of a public office as per the Government Securities Act?
    A Upon request from a private corporation Correct Answer Incorrect Answer
    B Upon request from a foreign government Correct Answer Incorrect Answer
    C Upon approval from the Ministry of Finance Correct Answer Incorrect Answer
    D Upon recommendation from the Reserve Bank of India Correct Answer Incorrect Answer
    E Upon declaration by the Government in the Official Gazette Correct Answer Incorrect Answer

    Solution

    Explanation: 6. Holding of Government securities by holders of public offices—(1) In the case of any public office to which the Government may, by notification in the Official Gazette, declare this sub-section to apply, a Government security may be held in the name of the office.

    Practice Next