In a falling interest rate scenario and perhaps to keep their fiscal numbers under control, the government has recently lowered the interest rate on the GOI Savings (Taxable) Bonds. The government has replaced the erstwhile 8 percent Savings (Taxable) Bonds 2003 with the 7.75 per cent Savings (Taxable) Bonds. The bonds opened for subscription on January 10. While most of the features remain the same, the tenure has been increased by one year. The bonds suit conservative investors who are looking for assured and fixed returns with complete safety of their principal amount. However, currently the interest rate is not high enough compared to instruments that a retiree usually looks at.[S.2, Q.1] Which of the following is not true in regards to the 7.75% Savings (Taxable) Bonds 2018 scheme? (Topic : Growth Measurement) – 2 Marker

Resident Indians (NRIs) are not eligible for making investments in these bonds.

The bonds can be issued in 'Cumulative' as well as 'Non-cumulative' forms.

The Bonds will have a maturity of 7 years .

The Bonds are tradable in the secondary market

In a falling interest rate scenario and perhaps to keep their fiscal n

1.	In a falling interest rate scenario and perhaps to keep their fiscal numbers under control, the government has recently lowered the interest rate on the GOI Savings (Taxable) Bonds. The government has replaced the erstwhile 8 percent Savings (Taxable) Bonds 2003 with the 7.75 per cent Savings (Taxable) Bonds. The bonds opened for subscription on January 10. While most of the features remain the same, the tenure has been increased by one year. The bonds suit conservative investors who are looking for assured and fixed returns with complete safety of their principal amount. However, currently the interest rate is not high enough compared to instruments that a retiree usually looks at.[S.2, Q.1] Which of the following is not true in regards to the 7.75% Savings (Taxable) Bonds 2018 scheme? (Topic : Growth Measurement) – 2 Marker
A.	Resident Indians (NRIs) are not eligible for making investments in these bonds.
B.	The bonds can be issued in 'Cumulative' as well as 'Non-cumulative' forms.
C.	The Bonds will have a maturity of 7 years .
D.	The Bonds are tradable in the secondary market
E.	None of the above
Answer» E. None of the above

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