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

    Question

    What is the minimum denomination of the treasury bills

    issued by the government?
    A Rs 50000 Correct Answer Incorrect Answer
    B Rs 1 lakh Correct Answer Incorrect Answer
    C Rs 2 lakhs Correct Answer Incorrect Answer
    D Rs 25000 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Treasury Bills are issued by central government in order to raise funds from the market. There are three types of T-Bills in practice now – 91-day, 182-day and 364-days. There is no T-Bill issued by the state governments as of now. Such bills can be issued for a denomination of Rs 25000 and the multiples of that. These bills are issued at a discount and redeemed at par.

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