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 |
|
|
Which of the following statements is NOT true?