Question no 3086 SSC CGL Tier 1 Genral Awareness Questions and Answers Online Test 94

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1 .

The gilt edged market in the capital market of India refers to

[ A ] long-term private securities
[ B ] market dealing in existing securities
[ C ] market for corporate securities
[ D ] market for Government securities

Answer : Option B

Explanation :

The gilt-edged market refers to the market for Government and semigovemment securities, backed by the Reserve Bank of India (RBI) . Government securities are tradeable debt instruments issued by the Government for meeting its financial requirements. The term gil t-edged means of the best quality. This is because the Government securities do not suffer from risk of default and are highly liquid (as they can be easily sold in the market at their current price). The open market operations of the RBI are also conducted in such securities

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