Current Context: RBI has released a notification describing auction GOI’s three securities for a amount of Rs 20,000 crore. The total amount retained over and above the notified will not exceed Rs 20,000 crore in first half of FY 2020-21 and will be set-off in second half year.
- The three securities are:
- 6.18% GS 2024
- 7.57% GS 2033
- New GS 2050 (maturing on Sep 20, 2050)
- RBI has mentioned that the stocks will be issued for a minimum amount of ₹ 10,000/- (nominal) and in multiples of ₹ 10,000/- thereafter.
- In this, Government Stock up to 5% of the notified amount of sale will be allotted to the eligible individuals and institutions under the Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities.
Static Part:
- HQ of RBI: Mumbai
- Governor of RBI: Shaktikanta Das
Question:
Q.1 RBI to conduct an auction of three GOI’s securities for an amount of _______ Rs?
a. Rs 10,000 crore
b. Rs 5,000 crore
c. Rs 20,000 crore
d. Rs 30,000 crore
a. Rs 10,000 crore
b. Rs 5,000 crore
c. Rs 20,000 crore
d. Rs 30,000 crore
