Instructions

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 16

Which of the following statements is NOT true?

Solution

For the security issued in 4th June 2003 , the value of non-competitive bids accepted in the first round islesas than that in the second round Hence option D is not true. 


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