UPSC General Studies Sample Paper General Studies Sample Paper-7

  • question_answer
    Which one of the following statements regarding the government securities is incorrect?     

    A)  They are also known as Gilt Edge securities                                                 

    B)  They can be held by any person, firm, company, corporate body or institution, State Governments, Provident Funds and Trusts     

    C)                                                           They have maturity period ranging from 1 to 30 years                                       

    D)  The minimum investment in government security is Rs.1000

    Correct Answer: D

    Solution :

    [d] The minimum investment in Government Securities is Rs.10000 and they are issued both in demat and physical form. This could be in the form of dated securities and floating rate bonds.

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