Multiple Choice Questions on The 39 gilt edged lsquo market deals in ........ for UPPCS Exam Preparation

Financial System

Indian Economic System(UPPCS)

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Indian Economy - Understanding the basics of Indian economic system

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    The 'gilt-edged‘ market deals in:

    worn and  torn currency notes

    Incorrect Answer

    bullion

    Incorrect Answer

    Govt, securities

    Correct Answer

    Corporate bonds

    Incorrect Answer
    Explanation:

    The gilt-edged market is the market in government securities or the securities guaranteed (as to both principal and interest) by the government. The term gilt-edged means 'of the best quality”. It has come to be reserved for government securities as they do not suffer from the risk of default.


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