Prelims 2021 · Economy · Question 13
With reference to India, consider the following statements:<br/>1. Retail investors through demat account can invest in 'Treasury Bills' and 'Government of India Debt Bonds' in primary market.<br/>2. The 'Negotiated Dealing System-Order Matching' is a government securities trading platform of the Reserve Bank of India.<br/>3. The 'Central Depository Services Ltd.' is jointly promoted by the Reserve Bank of India and the Bombay Stock Exchange.<br/><br/>Which of the statements given above is/are correct?
Answer
1 and 2
1. Correct. Under RBI Retail Direct, retail investors can open a Retail Direct Gilt account and invest in primary issuances of Treasury Bills and Government of India dated securities; demat-based access for retail participation is allowed through recognized channels.
2. Correct. NDS-OM (Negotiated Dealing System–Order Matching) is RBI’s electronic trading platform for Government securities.
3. Incorrect. CDSL was promoted by BSE and other institutions/banks; it is not jointly promoted by RBI and BSE.
Hence, statements 1 and 2 are correct.