Q. With reference to RBI Retail Direct Scheme, consider the following statements:
1. Under the scheme, retail investors will be able to easily open and maintain their government securities account online with the RBI, free of cost.
2. Through this account, they can directly invest in securities issued by the Government of India only.
Which of the statements given above is/are correct?
Answer: A
Notes:
Statement 1 is correct: Under the scheme, retail investors will be able to easily open and maintain their government securities account online with the RBI, free of cost.
Statement 2 is incorrect: Through this account, they can directly invest in securities issued by the Government of India and the State Governments.
Source: PM to launch two innovative customer centric initiatives of RBI
