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CAT 2003 Slot 1 — DILR Question 14

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Passage / Data

Answer the following question based on 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.

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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?

Answer & solution

Correct answer: 1

  • A

    0

  • 1

  • C

    2

  • D

    3

Solution

The total amount mobilized falls short of the amount notified only once on 17 July-02 for the first round, where the total amount mobilized was Rs. 16 crores and the notified amount was Rs. 40 crores. 

Hence, option (b).

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CAT 2003 Slot 1 DILR Q14: How many times was the issue of securities under-subscribed, i.e., how often did the total amount mobilized fa — Solution | TheCATExam