New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Treasury bills (T-bills) issued by the Government of

    India are:
    A Long-term instruments Correct Answer Incorrect Answer
    B Coupon-bearing Correct Answer Incorrect Answer
    C Issued by commercial banks Correct Answer Incorrect Answer
    D Zero-coupon instruments Correct Answer Incorrect Answer
    E Issued for funding infrastructure Correct Answer Incorrect Answer

    Solution

    T-bills are short-term zero-coupon securities issued at a discount and redeemed at face value.

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