Principles and Practices of Banking
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Que : The maximum tenor of Government Securities can be upto _______ years.
A. 1
B. 10
C. 20
D. 40
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Description:
Dated G-Secs are securities which carry a fixed or floating coupon (interest rate) which is paid on the face value, on half-yearly basis. Generally, the tenor of dated securities ranges from 5 years to 40 years.
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