alleryA 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: syllabus Business Studies Part II, Chapter 10, Financial Markets._
Keep practising Financial Markets
Browse all Financial Markets questions for AP Intermediate 2nd Year, or explore more Business Studies topics.
Related questions
Already-issued securities are bought and sold between investors in the:New securities are sold to the public for the first time in the:Bonds issued by states, cities and counties are called:The amount borrowed by the issuer of a bond, also called par value, is the:Payments made to stockholders out of a corporation's profits are:An equity security whose dividend is fixed when it is issued is:A security representing an ownership interest in a corporation is:The principle that a higher risk should bring the chance of a greater return is the: