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      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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