Question Number: #Com1759

DIRECTIONS for questions: Answer the ques. on the basis of the information given below. 

One of the functions of the Reserve Bank of India is to mobilize funds for the Government of India by issuing securities. The following table shows details of funds mobilized during the period July 2002 - July 2003. Notice that on each date there were two rounds of issues, each with a different maturity.

Date of issue

Notified amount

Maturity

Competitive bids

received

Non-competitive bids

received

 

Rs. crore

Years

No.

No.

17-Jul-02

40

15

229

23

17-Jul-02

30

10

145

12

05-Aug-02

50

9

324

13

05-Aug-02

20

24

163

9

28-Aug-02

50

15

260

26

28-Aug-02

20

30

119

15

11-Sep-02

40

15

261

22

11-Sep-02

30

20

131

20

09-0ct-02

40

11

361

26

09-0ct-02

30

30

91

15

07-Nov-02

40

17

245

14

07-Nov-02

30

24

166

11

09-Apr-03

40

20

245

25

09-Apr-03

50

11

236

24

23-Apr-03

50

15

319

26

23-Apr-03

20

29

131

19

05-May-03

60

10

314

14

05-May-03

30

20

143

14

04-Jun-03

30

25

187

19

04-Jun-03

60

9

378

21

02-Jul-03

50

11

298

20

02-Jul-03

30

25

114

20

16-Jul-03

60

17

371

29

16-Jul-03

30

29

134

22

Total

930

 

 

 

 

Competitive bids

accepted

Non-competitive

bids accepted

Total amount

mobilized

Coupon

rate %

Implicit

yield %

No.

Value

No.

Value

Rs. crore

 

 

66

15.21

23

0.37

16

8.07

7.80

90

29.88

12

0.12

30

6.72

6.72

105

49.68

13

0.33

50

9.39

7.24

34

19.81

9

0.19

20

10.18

7.93

157

48.92

26

1.08

50

7.46

7.46

67

19.61

15

0.39

20

7.95

7.95

152

38.93

22

1.07

40

7.46

7.44

98

29.44

20

0.56

30

8.35

7.70

119

39.22

26

0.78

40

7.27

7.14

39

29.52

15

0.48

30

7.95

7.89

20

39.71

14

0.29

40

10.03

7.26

49

29.70

11

0.31

30

10.18

7.48

65

39.53

25

1.47

40

6.30

6.30

201

49.40

24

0.60

50

7.37

5.98

134

48.98

26

1.02

50

6.25

6.10

9

19.39

19

0.61

20

7.95

6.33

98

59.69

14

0.31

60

7.27

5.97

118

29.58

14

0.42

30

6.30

6.35

15

28.50

19

1.50

30

6.13

6.13

151

59.09

21

0.91

60

6.85

5.76

116

49.05

20

0.95

50

7.37

5.76

45

28.64

20

1.36

30

6.31

6.10

115

57.00

29

3.10

60

6.35

5.97

12

29.32

22

0.68

30

7.95

6.20

 

 

 

 

906

 

 

 

How many times was the issue of securities under-subscribed, i.e., how often did the total amount mobilized fall short of the amount notified?


Options:
A.) 0
B.) 1
C.) 2
D.) 3


Answer is option : B

Question Related Topics:
Data Interpretation & Logical Reasoning

Question Prepared By:


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