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NISM Certifications · NISM-Series-VI: Depository Operations · Special Services - Debt Instruments and Government Securities

Mr. Rao asks a DP which of these entities issues dated Government Securities in India. What is the correct answer?

The Reserve Bank of India issues dated Government Securities, acting as debt manager for the Central and State Governments, typically through auctions. Depositories only hold the securities electronically, SEBI regulates the market, and exchanges provide trading platforms rather than issuing them.

  1. ASEBI on behalf of investors
  2. BThe Reserve Bank of India as the debt manager on behalf of the Central or State GovernmentsCorrect
  3. CNSDL or CDSL directly
  4. DThe stock exchanges

Explanation

Government securities, both Central and State, are issued through auctions conducted by the Reserve Bank of India, which acts as the debt manager for the governments. SEBI regulates markets, depositories only hold securities in electronic form, and exchanges provide trading platforms.

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