With reference to India, consider the following statements: 1. Retail investors through demat account can…
With reference to India, consider the following statements: 1. Retail investors through demat account can invest in 'Treasury Bills' and 'Government of India Debt Bonds' in primary market. 2. The 'Negotiated Dealing System-Order Matching' is a government securities trading platform of the Reserve Bank of India. 3. The 'Central Depository Services Ltd.' is jointly promoted by the Reserve Bank of India and the Bombay Stock Exchange. Which of the statements given above is/are correct?
1 only
1 and 2
3 only
2 and 3
Solution
Retail investors can invest in T-Bills and G-Sec via the RBI Retail Direct scheme (Statement 1 correct). NDS-OM is owned by the Clearing Corporation of India Limited (CCIL), not RBI (Statement 2 incorrect per UPSC key). CDSL is promoted by BSE and other banks, not the RBI (Statement 3 incorrect).