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    Question

    A Treasury Bill (T-Bill) is

    a:
    A Long-term debt instrument issued by corporations. Correct Answer Incorrect Answer
    B Short-term debt instrument issued by the Government. Correct Answer Incorrect Answer
    C Long-term equity instrument. Correct Answer Incorrect Answer
    D Short-term secured corporate bond. Correct Answer Incorrect Answer

    Solution

    Treasury Bills are short-term (less than one year) money market instruments issued by the Government of India to finance its short-term borrowing requirements. They are issued at a discount and redeemed at face value.

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