New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    Nine states have raised Rs 13,500 crore through the

    auction for state government securities.Which state has  raised the highest amount of Rs 4,000 crore through three bonds?
    A Tamil Nadu Correct Answer Incorrect Answer
    B Punjab Correct Answer Incorrect Answer
    C West Bengal Correct Answer Incorrect Answer
    D Odisha Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      Nine states has raised Rs 13,500 crore through the auction for state government securities.Punjab has raised the highest amount of Rs 4,000 crore through three bonds.    The state raised this sum through three papers – Rs 1,500 crore through a 12-year paper with a cut-off yield of 7.52 per cent, Rs 1,500 crore through a 13-year paper with a cut-off yield of 7.51 per cent, and Rs 1,000 crore through a 14-year paper with a cut-off yield of 7.49 per cent.

    Practice Next