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A Treasury bill is an instrument of short-term borrowing by the:
AState cooperatives
BCommercial banks
CGovernment of India
DReserve Bank alone
Answer & Solution
Correct answer: C. Government of India
1. It matures in less than one year.
2. The Reserve Bank issues it on the government's behalf.
3. The borrower is the Government of India.
_Source: NCERT Class 12 Business Studies Part II, Chapter 10, Financial Markets._
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