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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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