Question

Which of the following statements best describes public securities?

• A. Security personnel for the public
• B. Security personnel for the RBI
• C. Providing bills in return for money
• D. Providing loans without collateral

Answer 1

The correct option is C Providing bills in return for money

Banks collect money from the public and in return, they provide bills. These bills are called public securities. These public securities acknowledge the total amount the government owes to the public.