alleryCash Management Bills are issued for maturities of less than:
A31 days
B61 days
C11 days
D91 days
Answer & Solution
Correct answer: D. 91 days
1. They share the generic character of T-bills.
2. But they are shorter than the shortest T-bill.
3. So they run under 91 days.
_Source: RBI, FAQs on the Government Securities Market in India_
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