RBI issued short-term debt management instruments known as CMBs. What – InterviewSolution

1.	RBI issued short-term debt management instruments known as CMBs. What does ‘B’ stand for in the same?1). Bills2). Bonds3). Banks4). Branch
Answer» CMBs STAND for CASH Management Bills. These are short-term instruments issued by the RBI on behalf of the central government to meet the temporary mismatches in the cash FLOW of the Government of INDIA. These are issued for maturities less than 91 days.

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