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    Question

    Nine states have raised Rs 13,500 crore through the

    auction for state government securities.Which state hasĀ  raised the highest amount of Rs 4,000 crore through three bonds?Ā 
    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

    Solution

    Ā  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.Ā Ā Ā  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.

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