For an account opened in the name of a registered Trust, which specific document is considered the primary constitutive document defining the power, mandate, and operating instructions of the trustees?

The Investment Committee of Global Bank is reviewing its Fixed Income portfolio valued at 50,000 crore (60% G-Secs with a duration of 7 years, 40% AA Corporate Bonds with a duration of 4 years). With a potential 1% interest rate hike and a credit spread widening of 50 basis points on AA bonds, what is the estimated total loss in the portfolio value (excluding hedge considerations) and the most appropriate strategic portfolio adjustment within RBI guidelines?

A minor aged 15 years approaches a bank to open a savings account independently, providing necessary identity proofs. According to the RBI guidelines on 'Accounts of Minors', which of the following statements is correct?