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      Question

      What condition must be met for a transfer of a

      Government security to be considered valid as per the Government Securities Act?
      A It must include a transfer fee Correct Answer Incorrect Answer
      B It must involve a partial transfer of title Correct Answer Incorrect Answer
      C It must be conducted without proper authorization Correct Answer Incorrect Answer
      D It must be approved by the Reserve Bank of India Correct Answer Incorrect Answer
      E It must involve the conveyance of the full title to the security Correct Answer Incorrect Answer

      Solution

      Explanation: Section 5. Transfer of Government securitiesтАФ(1) No transfer of a Government security shall be valid if it does not purport to convey the full title to the security

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