Statements 1 is not correct : Reserve Bank of India has has well defined obligations and provides several banking services to the governments both at the centre and in states. Statements 2 and 3 are correct : Treasury bills are issued when the government need money for a shorter period while bonds are issued when it needs debt for more than say five years. Treasury bills are zero coupon securities and pay no interest. Rather, they are issued at a discount (at a reduced amount) and redeemed (given back money) at the face value at maturity. Treasury Bills are issued only by the central government in India. The State governments do not issue any treasury bills.
Which is the oldest Veda?
The first Milk Cooperative Committee/Union was established in which of the following districts of Uttar Pradesh?
What is the percentage of Scheduled Castes in the Total Population of Uttar Pradesh?
Which of the following Mughal Emperor build the Fatehpur Sikri city of Uttar Pradesh?
How many tiger reserves are there in India ?
Which country hosted the 7th Indian Ocean Conference?
Which city has imposed World’s Strictest Anti-Tobacco Laws on banning public smoking in hotels, parks and beaches?
Which state's tableau was adjudged as the best in Republic Day Parade 2022?
In October 2020, what was the milestone achieved by Virat Kohli in T20 cricket, making him the first Indian batsman to reach a specific number of runs?
Where is the National Dope Testing Laboratory located?