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Advanced Wealth Management Course (IIBF) - Paper 3

Part II: Ch 3: Central Government Securities

Q1.

Government of India (GOI) Securities are sovereign debt obligations/instruments.

True

False

Q2.

The tenors of Government securities range from:

2 to 5 years

2 to 10 years

2 to 15 years

2 to 30 years

Q3.

For Central Government Securities, the minimum denomination is _________ and trading takes place in multiples of ___________.

Rs. 1,000 and Rs. 1 crore

Rs. 5,000 and Rs. 2 crores

Rs. 10,000 and Rs. 5 crores

Rs. 15,000 and Rs. 1 crore

Q4.

For State Government Securities, the minimum denomination is __________.

Rs. 500

Rs. 1,000

Rs. 5,000

Rs. 10,000

Q5.

For Agency bonds, the minimum denomination is ___________.

Rs. 500

Rs. 1,000

Rs. 5,000

Rs. 10,000

Q6.

The eligibility for being considered for primary Dealership, the applicant should have Net owned funds of a minimum of _________.

Rs. 5 crores

Rs. 10 crores

Rs. 15 crores

Rs. 50 crores

Q7.

(I) Coupons of Government securities are fixed and paid out semi-annually to the holder of the security (except zero coupon) (II) Primary Dealers can raise funds through CPs.

Both the statements are correct

Only statement (I) is correct

Only statement (II) is correct

Both the statements are wrong

Q8.

Liquidity support is available to Primary Dealers through the:

RBI

Government of India

Liquidity Adjustment Facility (LAF)

SEBI

Q9.

G-Secs, is a constituent of:

State Government securities

Treasury bills

Government guaranteed bonds

All of the above

Q10.

Banks hold about ________ of outstanding Government Securities.

50%

60%

70%

75%

Q11.

(I) Sale of Government Securities (except 91 day Treasury Bills) is held under Uniform Price Auctions. (II) Multiple Price Auctions are held for sale of 91 days Treasury Bills.

Both the statements are correct

Only statement (I) is correct

Only statement (II) is correct

Both the statements are wrong

Q12.

SGL Account holders are allowed to maintain one more SGL Account with PDOs called ‘Constituents’ SGL Account” – CSGL Account.

True

False

Q13.

How many Subsidiary General Ledger (SGL) accounts for Government Securities are available to the Primary Dealers?

One

Two