Question
With reference to treasury bills consider the following
statements: 1. Treasury bills are used by the central government to fulfill its long term liquidity. 2. Banks cannot keep treasury bills as SLR approved security. Which of the statements given above is/are correct?Solution
• Statement 1 is incorrect: Treasury bills are Money market debt instrument. They are used by the Central Government to fulfil its shortterm liquidity requirement upto the period of 364 days. • Statement 2 is Incorrect: The RBI specifies the SLR status of securities issued by the Government of India and the State Governments: Dated securities of the Government of India, Treasury Bills of the Government of India, Dated securities of the Government of India, State Development Loans (SDLs) issued from time to time under their market borrowing programme.
RRBs will have a target of _____ of their outstanding advances for priority sector lending and sub-sector targets.
Tritium is an isotope of:
Famous Mukheshawar Temple & Ananta Basudeva temple is located in which state?
Great Bear' is the name of a:
Euro is not the currency of which of the following country?
Which organization launched a joint initiative with IASST Guwahati for the commercialization of probiotics derived from traditional Northeast Indian foods?
Which of the following bank had been recently penalized by RBI to an amount of three crore
As per a recent report by Reserve Bank of India, which of the following is the largest source of FDI into India?
Which of the following is the state of origin of the Odissi dance form?
Where is the National Metallurgical Laboratory located?
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