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A Treasury Bill is basically:(a) An instrument to borrow short-term funds(b) An instrument to borrow long-term funds(c) An instrument of capital market(d) None of the above |
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Answer» (a) A Treasury Bill is an instrument to borrow short term funds by the Government of India. They have a maturity period of less than a year. They are also called Zero-Coupon Bonds. They are issued by the RBI on behalf of the Central Government. |
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