Concept:
The Government Securities Market is a part of the capital market where government-issued securities are traded.
Step 1: Definition.
It is a market where securities issued by the government (such as treasury bills and government bonds) are bought and sold.
Step 2: Types of securities.
- Treasury Bills (short-term)
- Government Bonds (long-term)
Step 3: Purpose.
- To raise funds for government expenditure
- To manage public debt
- To provide safe investment options
Step 4: Features.
- Low risk (backed by government)
- Fixed returns
- Highly secure investments
Step 5: Conclusion.
Thus, the Government Securities Market is a secure and important segment of the financial market for raising and investing funds.