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SEBI

Q. With regar...

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Q. With regards to G-SAP (Government Securities Acquisition Programme) 1.0 consider the following statements:
Choose the correct answer using the codes given below:

A

1 only

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B

2 only

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C

Both 1 and 2

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D

Neither 1 nor 2

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Solution

The correct option is C Both 1 and 2
Explanation:

Statement 1 is correct: It is an initiative of RBI under which it will purchase government securities (G-Secs) for an aggregate amount of Rs 1,00,000 crore under G-SAP 1.0.

Statement 2 is correct: Government Securities Acquisition Programme by the RBI is an unconditional and structured Open Market Operation.

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