With reference to India, consider the following statements:1. Retail investors through Demat account can invest in ‘Treasury Bills’ and ‘Government of India Debt Bonds’ in the primary market.2. The ‘Negotiated Dealing System-Order Matching’ is a government securities trading platform of the Reserve Bank of India.3. ‘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?
✓ Correct answer: b) 1 and 2
ExplanationStatement 1 is correct : Retail investors can participate in government securities (G-Secs) like Treasury Bills (T-Bills) and Government of India Bonds through schemes such as Retail Direct Scheme facilitated by the Reserve Bank of India (RBI).This allows them to invest directly in the primary market using Demat accounts.Statement 2 is correct : The NDS-OM platform, is an electron- ic trading platform, operated by the RBI, is an anonymous or- der-matching system for secondary market trading in govern- ment securities (G-Secs)Statement 3 is incorrect : CDSL is promoted by the Bombay Stock Exchange (BSE) but not by the Reserve Bank of India.It is promoted by BSE Ltd. jointly with leading banks such as State Bank of India, Bank of India, Bank of Baroda, HDFC Bank, Stan- dard Chartered Bank and Union Bank of India.307
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