GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IRDA
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Government of India
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Reserve Bank of India
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Corporate & Financial Institutions
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Detailed explanation-1: -T-bills are one of the most popular money market instruments. This instrument issued comes with varying short-term maturities. The instrument issued by the Government of India comes at a discount for 14 days to 364 days.
Detailed explanation-2: -Treasury Bills are basically instruments for short term (maturities less than one year) borrowing by the Central Government. Treasury Bills were first issued in India in 1917. At present, the active T-Bills are 91-days T-Bills, 182-day T-Bills and 364-days T-Bills.
Detailed explanation-3: -Treasury bills are issued when the government needs money for a short period. These bills are issued only by the central government, and the interest on them is determined by market forces. What are maturity period of treasury bills? Treasury bills, or T-bills, have a maximum maturity period of 364 days.