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CAT 2003 Slot 1 — DILR Question 16

TablesEasy
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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Which of the following statements is NOT true?

Answer & solution

  • A

    Competitive bids received always exceed non-competitive bids received.

  • B

    The number of competitive bids accepted does not always exceed the number of non-competitive bids accepted.

  • C

    The value of competitive bids accepted on any particular date is never higher for higher maturity.

  • The value of non-competitive bids accepted in the first round is always greater than that in the second round.

Solution

All the statements except option 4 are true. The value of non-competitive bids accepted in the first round is always greater than that in the second round except on 7-Nov-2002, 5-May-2003 and 2-Jul-2003.

Hence, option (d).

CAT 2003 Slot 1 DILR Q16: Which of the following statements is NOT true? — Solution | TheCATExam