Consider the following statements: 1. In India, Non-Banking Financial Companies can access the Liquidity Adjustment Facility window of the Reserve Bank of India. 2. In India, Foreign Institutional Investors can hold the Government Securities (G-Secs). 3.

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Q: 100 (IAS/2024)
Consider the following statements:
1. In India, Non-Banking Financial Companies can access the Liquidity Adjustment Facility window of the Reserve Bank of India.
2. In India, Foreign Institutional Investors can hold the Government Securities (G-Secs).
3. In India, Stock Exchanges can offer separate trading platforms for debts.
Which of the statements given above is/are correct?

question_subject: 

Economics

question_exam: 

IAS

Statement 1 is incorrect because Non-Banking Financial Companies (NBFCs) in India cannot directly access the Liquidity Adjustment Facility (LAF) window of the Reserve Bank of India (RBI). Statement 2 is correct as Foreign Institutional Investors (FIIs) are allowed to hold Government Securities (G-Secs) in India. Statement 3 is correct because Stock Exchanges in India, such as the National Stock Exchange (NSE), offer separate trading platforms for debts, allowing trading in corporate bonds and government securities. Therefore, the correct statements are 2 and 3 only.