- Statement 1: The RBI Retail Direct scheme was launched to provide retail investors (small investors) with direct access to the government securities (G-sec) market. G-secs are considered safe investments as they are sovereign obligations. - Statement 2: Under the scheme, retail investors can open and maintain a 'Retail Direct Gilt Account' (RDG Account) with the RBI through an online portal. The facility for opening and maintaining this account with the RBI is free of cost. - Statement 3: The scheme allows small investors to invest in Central Government Securities, State Development Loans (SDLs), and Treasury Bills. Therefore, stating that they can invest in Central Government Securities "only" is incorrect.
Which of the following statements are correct regarding recently launched RBI Retail Direct? 1. RBI retail direct scheme will act as a safe medium of investment for small investors in government securities 2. Investors will be able to open and maintain government securities account online easily & free of cost with the RBI. 3. Small investors can invest in the Central Government Securities only
Asked in GPSC Prelims CSP 2 2022 · Topic: Money & Banking (Financial Markets: Money Market and Capital Market (Components, Instruments, Role))
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