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    Question

    Five states have raised Rs 5,250 crore through an

    auction for state government securities.Thus,according to the Reserve Bank of India,which state has raised the highest amount of Rs 2,000 crore through two bonds?
    A Tamil Nadu Correct Answer Incorrect Answer
    B Telangana Correct Answer Incorrect Answer
    C Bihar Correct Answer Incorrect Answer
    D West Bengal Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      Five states have raised Rs 5,250 crore through an auction for state government securities. The scheduled auction amount of state development loans (SDLs) stood at Rs 5,250 crore against the notified amount of Rs 11,000 crore. The Reserve Bank of India (RBI) data showed that Telangana raised the highest amount of Rs 2,000 crore through two bonds.    The state raised this amount through two papers — Rs 1,000 crore via a nine-year paper with a cut-off yield of 7.47 per cent and Rs 1,000 crore via an 18-year paper with a cut-off yield of 7.43 per cent.

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