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 15

Which of the following is true?


The security issued in June 2003 had lower maturity in 2nd round but no. of bids were more . Hence option C. 

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