Question

What is the characteristic of the first type of Government Security?

a.

It carries the name of the holder and is registered with the Public Debt Office

b.

It is a promissory note with a promise by the President of India

c.

It is a bearer security with interest and payments made to the holder

d.

It is a transferable note with endorsement for buyers

Answer: (a).It carries the name of the holder and is registered with the Public Debt Office Explanation:The first type of Government Security resembles a company debenture, carries the name of the holder, and is registered with the Public Debt Office.

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Q. What is the characteristic of the first type of Government Security?

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