BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Treasury Bills means
|
|
salary bills drawn by Government officials on the treasury
|
|
|
bills drawee by the Government contractors and other suppliers on the treasury for the dues owed to them by the Government
|
|
|
obligation of the Government of India issued by the Reserve Bank of India and payable normally 91 days after issue
|
|
|
a mode of drawings by the Treasury Office on the Reserve Bank of India
|
Explanation:
Detailed explanation-1: -1.3 Treasury bills or T-bills, which are money market instruments, are short term debt instruments issued by the Government of India and are presently issued in three tenors, namely, 91 day, 182 day and 364 day.
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. T-bills are available for a minimum amount of Rs.
Detailed explanation-3: -Adhoc treasury bills are issued in favour of the RBI only.
There is 1 question to complete.