BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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is a central depository for all types of Government securities except Treasury Bills
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attends to the function of note issue the Reserve Bank of India
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is responsible for maintaining external value of rupee
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controls balance of payment position of the Government of India
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Detailed explanation-1: -The United States Treasury offers five types of Treasury marketable securities: Treasury Bills, Treasury Notes, Treasury Bonds, Treasury Inflation-Protected Securities (TIPS), and Floating Rate Notes (FRNs).
Detailed explanation-2: -Treasury bills (T-bills) offer short-term investment opportunities, generally up to one year. They are thus useful in managing short-term liquidity. At present, the Government of India issues four types of treasury bills, namely, 14-day, 91-day, 182-day and 364-day.
Detailed explanation-3: -These securities are called government securities or G-secs, issued by RBI. The RBI manages the public debt of the Indian government. G-secs are issued in three forms: treasury bills, dated securities and bonds.
Detailed explanation-4: -Treasury bills are short-term securities issued by RBI on behalf of Government of India, for maturities of 91, 182 and 364 days. These Treasury bills are issued at a discount and are redeemable at par on maturity.