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    Question

    Which is incorrect about

    T-Bills?
    A These are issued by Govt of India Correct Answer Incorrect Answer
    B Their maturities ranges between 14 to 364 days Correct Answer Incorrect Answer
    C T-Bills are auctioned on the basis of multiple price auction method Correct Answer Incorrect Answer
    D Retail investors holding Indian Passport can invest in T-Bills Correct Answer Incorrect Answer
    E All are correct Correct Answer Incorrect Answer

    Solution

    Banks, Primary Dealers, State Governments, Provident Funds, Financial Institutions, Insurance Companies, NBFCs, FIIs (as per prescribed norms), NRIs & OCBs can invest in T-Bills

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