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 primary market. 2. The 'Negotiated Dealing System-Order Matching' is a government securities trading platform of the Reserve Bank of India. 3. The '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?
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A hard Economy multiple-choice question from UPSC Prelims 2021. Attempt it above, then check the correct answer and detailed explanation below.
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Correct answer: B. 1 and 2
Statements 1 and 2 are correct — retail investors can buy T-bills and G-Sec bonds in the primary market via demat accounts, and the NDS-OM is the RBI's electronic G-Sec trading platform. Statement 3 is wrong — CDSL was promoted by the Bombay Stock Exchange, not the RBI.
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