Question

interest is calculated on actual 365 days basis in respect of the following products except one:
a. Call money
b. Notice money
c. Term money
d. GOI dated securities​

Answer 1

Answer:

(c) term money

Explanation:

i hope it is helpful

Answer 2

The product is GOI dated securities.

• These are long-term government securities or lasting bonds.
• They generally have maturities typically ranging from 5 to 30 typical years.
• They are issued in the form of treasury notes, bonds and bills.
• The interest is calculated as per -

1. 91 days,
2. 182 days and
3. 364 days

• These naturally come with a specific set or floating coupon or interest rate that is properly paid on the face value at predetermined periods.