With reference to India, consider the following statements : 1. Retail investors through demat account can invest in 'Treasury Bills' and 'Government of India Debt Bonds' in primary market. 2. The 'Negotiated Dealing System- Order Matching' is a government securities trading platform of the Reserve Bank of India. 3. The 'Central Depository Services Ltd.' is jointly promoted by the Reserve Bank of India and the Bombay Stock Exchange. Which of the statements given above is/are correct?
- A1 only
- B1 and 2 onlyCorrect
- C3 only
- D2 and 3
Explanation
Statement 1: Retail investors through demat account can invest in 'Treasury Bills' and 'Government of India Debt Bonds' in the primary market. The Reserve Bank of India launched the 'RBI Retail Direct Scheme' in November 2021, which allows individual retail investors to open a 'Retail Direct Gilt Account' with the RBI. Through this account, they can directly subscribe to Government of India Treasury Bills (T-Bills) and Dated Securities (Government Bonds) in the primary auctions, as well as buy/sell them in the secondary market. This statement is correct.
Statement 2: The 'Negotiated Dealing System-Order Matching' (NDS-OM) is indeed the electronic, anonymous, order-matching trading platform for government securities in the secondary market, operated by the Reserve Bank of India. It facilitates transparent trading in G-Secs among market participants. This statement is correct.
Statement 3: The 'Central Depository Services Ltd.' (CDSL) is one of India's two main depositories (the other being NSDL). CDSL was promoted by the Bombay Stock Exchange (BSE) along with other entities like State Bank of India, Bank of India, HDFC Bank, Standard Chartered Bank, and Union Bank of India. The Reserve Bank of India is not a joint promoter of CDSL. This statement is incorrect.
Therefore, statements 1 and 2 are correct.

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