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Oil bonds are special securities issued by the government to Oil Marketing Companies (OMCs), as compensation to these companies in lieu of cash subsidies. These securities are usually long dated securities and carry a marginally higher coupon over the yield of the dated securities of comparable maturity. These securities are not eligible as SLR securities but are eligible as collateral for market repo transactions. Note - These bonds were issued to OMCs by India between 2005 and 2010 in lieu of cash at a time when the government used to fix fuel prices. Petrol and diesel prices were fixed by the government to cushion consumers from price shocks. In June 2010, petrol prices were deregulated, mirroring the market price of crude and the oil bonds were discontinued. However the previously issued oil bonds are to be serviced till redemption.
Which analysis involves the comparison between the current and historical financial performance and the evaluation of developing trends.
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An organizational structure that is characterized by democratic and inclusive styles of management can be described as ?
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An investor looking to protect himself from the downside risk should use which of the following derivatives?
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Buffer stock’ is the level of stock