What does Gilt-edged market in India mean?
1 Market of gold and silver
2 Market of platinum
3 Market of shares of companies on basis of which the Sensex
is calculated
4 Market of safe securities
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Answer Posted / samuel j. laltlanzaua
It the market that deals in securities issued by
central,state and semi-governments and autonomous govt
authorities such as municipalities,city corporations,state
electricity boards,etc and development financial
institutions such as IDBI,IFCI,NABARD,etc.Since the issuer
of these classes of securities are govt,they all are
considered to be quite safe and liquid for investment;hence
the term "gilt -edged securities".
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