With reference to India, consider the following statements:
- Retail investors through demat account can invest in ‘Treasury Bills’ and ‘Government of India Bonds’ in primary market.
- The ‘Negotiated Dealing System-Order Matching’ is a government securities trading platform of the Reserve Bank of India.
- 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
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC IAS – 2021
Statement 2 is correct: Negotiated Dealing System-Order Matching (NDS-OM) is the main electronic trading platform for G-Secs in India, operated by the Reserve Bank of India.
Statement 3 is incorrect: Central Depository Services Ltd. (CDSL) is one of the two central securities depositories in India (the other being NSDL). CDSL was promoted by the Bombay Stock Exchange (BSE) along with several banks (Bank of India, Bank of Baroda, State Bank of India, HDFC Bank, Standard Chartered Bank, Union Bank of India). The Reserve Bank of India is not a promoter of CDSL.