Question
Consider the following statements: 1. The
Reserve Bank of India manages and services Government of India Securities but not any State Government Securities 2. Treasury bills are issued by the Government of India and there are no treasury bills issued by the State Governments 3. Treasury bills offer are issued at a discount from the par value Which of the statements given above is/are correct?Solution
Statements 1 is not correct : Reserve Bank of India has has well defined obligations and provides several banking services to the governments both at the centre and in states. Statements 2 and 3 are correct : Treasury bills are issued when the government need money for a shorter period while bonds are issued when it needs debt for more than say five years. Treasury bills are zero coupon securities and pay no interest. Rather, they are issued at a discount (at a reduced amount) and redeemed (given back money) at the face value at maturity. Treasury Bills are issued only by the central government in India. The State governments do not issue any treasury bills.
Bael is rich source of:
Which one of the following is the correct formula to compute the ginning percentage in cotton?
Which of the given is not a straight fertilizer?
What is the name for the multicellular structures formed by bacterial layers encased in an exopolymeric matrix on root surfaces?
Which is the capital of Uttarakhand?
Maximum moisture content for safe storage in wheat seed is:
In the G1 phase of cell cycle, each chromosome has chromatid(s).
The soils of very cold climates which are defined as containing permafrost within two meters of the soil surface belongs to the order
Which process is essential for removing impurities and debris from cotton?
Virus that infect plants mostly have genetic material in the form of
