New Upcoming Legal Jobs Free Workshop March 11 at 5 PM. Register here

    Question

    Which among the following is not a type of treasury bill

    issued in India ?
    A 45 day Correct Answer Incorrect Answer
    B 91 day Correct Answer Incorrect Answer
    C 182 day Correct Answer Incorrect Answer
    D 364 day Correct Answer Incorrect Answer
    E All the above types are issued in India Correct Answer Incorrect Answer

    Solution

    Treasury bills (T-bills) offer short-term investment opportunities, generally up to one year. They are thus useful in managing short-term liquidity. At present, the Government of India issues three types of treasury bills, namely, 91-day, 182-day and 364-day Treasury bills (T-bills) offer short-term investment opportunities, generally up to one year. They are thus useful in managing short-term liquidity. In India, there are three types of treasury bills (T-bills) issued by the Reserve Bank of India (RBI): 91-day T-bills: These bills have a maturity period of 91 days and are issued at a discount to the face value. 182-day T-bills: These bills have a maturity period of 182 days and are also issued at a discount to the face value. 364-day T-bills: These bills have a maturity period of 364 days and are also issued at a discount to the face value.

    Practice Next

    Relevant for Exams: