Which of the following are the features of the Government Securities? I. Government securities have a fixed rate of interest II. Government securities can be possessed by RBI to regulate the monetary policy III. Interest on the Government securities is exempted from the income tax

Which of the following are the features of the Government Securities?

I. Government securities have a fixed rate of interest

II. Government securities can be possessed by RBI to regulate the monetary policy

III. Interest on the Government securities is exempted from the income tax

1). Only I and II are correct
2). Only III is correct
3). Only II is correct
4). All are correct

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