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      Question

      What does the term "bond ledger account" refer

      to?
      A An account in which physical government securities are held Correct Answer Incorrect Answer
      B An account with the Bank or an agent where government securities are held in physical form Correct Answer Incorrect Answer
      C An account with the Bank or an agent in which government securities are held in a dematerialized form Correct Answer Incorrect Answer
      D An account used exclusively for tracking bond issuances Correct Answer Incorrect Answer
      E An account for maintaining records of bond payments Correct Answer Incorrect Answer

      Solution

      Section 2 Definitions (c) "bond ledger account" means an account with the Bank or an agent in which the Government securities are held in a dematerialised form at the credit of the holder.

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