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      Question

      Which is incorrect about

      T-Bills?
      A These are issued by Govt of India Correct Answer Incorrect Answer
      B Their maturities ranges between 14 to 364 days Correct Answer Incorrect Answer
      C T-Bills are auctioned on the basis of multiple price auction method Correct Answer Incorrect Answer
      D Retail investors holding Indian Passport can invest in T-Bills Correct Answer Incorrect Answer
      E All are correct Correct Answer Incorrect Answer

      Solution

      Banks, Primary Dealers, State Governments, Provident Funds, Financial Institutions, Insurance Companies, NBFCs, FIIs (as per prescribed norms), NRIs & OCBs can invest in T-Bills.

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