In this Act, unless there is anything repugnant in the subject or context,—
(1)“the Bank” means the Reserve Bank of India;
9[(1A) “the Government”, in relation to any Government security, means the Central or State Government issuing the security;]
(2)“Government security” means—
(a)a security, created and issued, 10[by the Government] for the purpose of raising a public loan, and having one of the following forms, namely :—
(i)stock transferable by registration in the books of the Bank; or
(ii)a promissory note payable to order; or
(iii)a bearer bond payable to bearer; or
(iv)a form prescribed in this behalf;
(b)any other security created and issued by 1[the Government] in such form and for such of the purposes of this Act as may be prescribed;
(3)“prescribed” means prescribed by rules made under this Act;
(4)“promissory note” includes a treasury bill.