CAT 2003 Slot 1 — DILR Question 15
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.
âââââââ
Which of the following is true?
Answer & solution
Correct answer: On at least one occasion, the second round issue having lower maturity received a higher number of competitive bids.
- A
The second round issues have a higher maturity than the first round for all dates.
- B
The second round issue of any date has a lower maturity only when the first round notified amount exceeds that of the second round.
On at least one occasion, the second round issue having lower maturity received a higher number of competitive bids.
- D
None of the above three statements is true.
The second round issue has lower maturity on 17 July-02, 09 April-03 and 04 June-03.
Of this on 04 June-03, the second round received higher competitive bids at 378 as compared to 187 in the first round.
Hence, option (c).
Related Tables questions
- Statement A: The success rate of moving from written test to interview stage for…
- Statement A: In 2002, the number of females selected for the course as a proport…
- Statement A: The percentage of absentees in the written test among females decre…
- The percentage of respondents aged less than 40 years is at least ___.…
- Given the information above, the percentage of respondents older than 35 can be …
- The percentage of respondents that fall into the 35 to 40 years age group (both …