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UPSC 2018: Consider the following statements: 1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities. 2. Treasury bills are issued by the Government of India and there are no treasury bills issued by the State Governments. 3. Treasury bills offer are issued at a discount from the par value. Which of the statements given above is/are correct?
(a)1 and 2 only
(b)3 only
(c)2 and 3 only
(d)1, 2 and 3
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Not attemptedCorrect Answer: (c) 2 and 3 only
1 is wrong because the RBI acts as public-debt manager for BOTH the Union and the State governments. 2 is correct—only the Union Government issues Treasury Bills; States issue longer-tenor State-Development Loans instead. 3 is correct because T-Bills are zero-coupon instruments issued below par and redeemed at face value. Hence only 2 and 3 are true. ([edukemy.com](https://edukemy.com/upsc-current-affairs/daily-current-affairs/swayam-plus-platform/01-03-2024?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2018 Indian Economy question?▼
The correct answer is option (c): 2 and 3 only. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Financial Markets & Capital Markets question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2018, GS Paper 1, as Question 56. It falls under Indian Economy > Financial Markets & Capital Markets.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Financial Markets & Capital Markets?▼
UPSC has asked 36 questions from Financial Markets & Capital Markets (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.