NISM Certifications · NISM-Series-VI: Depository Operations · Special Services - Debt Instruments and Government Securities
Mr. Iyer holds 7.26% G-Sec of face value ₹10,00,000 with coupons paid half-yearly. What is the coupon amount he receives each half-year?
Mr. Iyer receives ₹36,300 each half-year. The annual coupon is 7.26% of ₹10,00,000, which is ₹72,600, and since G-Sec interest is paid half-yearly, each payment is half of that amount.
- A₹72,600
- B₹36,300Correct
- C₹7,260
- D₹18,150
Explanation
Annual coupon = 7.26% of ₹10,00,000 = ₹72,600. G-Sec coupons are paid half-yearly, so each payment is ₹72,600 ÷ 2 = ₹36,300. Check: 3.63% × ₹10,00,000 = ₹36,300. ₹72,600 is the full annual amount.
Did you get it right without looking?
One question tells you little. A timed set on Special Services - Debt Instruments and Government Securities shows your real accuracy, how long you take and where you lose marks.
More Special Services - Debt Instruments and Government Securities questions
- A client holds a Government Security (G-Sec) in a Subsidiary General Ledger (SGL) account with a bank and wants to hold it in dematerialised…
- Which statement about Treasury Bills (T-Bills) held by an investor in a demat account is correct?
- Mr. Kapoor holds a corporate bond in his demat account and wants to transfer it to another investor off-market. At a minimum, which instruct…
- A DP client holds a corporate bond in demat form and wants to pledge it as security for a loan. For securities that are not equity shares, w…
- A client asks a Depository Participant whether Treasury Bills issued by the Government of India can be held in demat form. Which statement i…
- A client wants to pledge G-Secs held in his demat account to raise a loan. Which statement regarding the Constituent SGL (CSGL) account faci…