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

    Question

    What is included in the term "promissory note" as per

    the Government Securities Ac?
    A A treasury bill Correct Answer Incorrect Answer
    B Only promissory notes issued by financial institutions Correct Answer Incorrect Answer
    C Only promissory notes issued by government agencies Correct Answer Incorrect Answer
    D Only promissory notes issued by individuals Correct Answer Incorrect Answer
    E Only promissory notes issued by commercial banks Correct Answer Incorrect Answer

    Solution

    Section 2. Definitions: (h) "promissory note" includes a treasury bill.

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