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DIRECTIONS for the following three questions: Answer the questions on the basis of the information given below.

One of the functions of the Reserve Bank of India is to mobilize funds for the Government of India by issuing securities. The following table shows details of funds mobilized during the period July 2002 - July 2003. Notice that on each date there were two rounds of issues, each with a different maturity.

Question 14

How many times was the issue of securities under-subscribed, i.e., how often did the total amount mobilized fall short of the amount notified?

Solution

Only one security issued in 17 July 2002 was undersuscribed.

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