With reference to treasury bills consider the following

Solution

Treasury bills are Money market debt instruments. They are used by the Central Government to fulfil its short-term liquidity requirement for up to a period of 364 days. 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.