GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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100 crores
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300 crores
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500 crores
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1000 crores
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Detailed explanation-1: -We hold the auction At the auction, Treasury first accepts all the non-competitive bids that comply with the auction rules. Then, we accept competitive bids based on their rate, yield, or discount margin (from lowest to highest) until the entire amount of the offering has been awarded.
Detailed explanation-2: -T-bills are issued at a discount and are redeemed at par. While 14-day and 91-day T-bills are auctioned every week on Fridays, 182-day and 364-day T-bills are auctioned every alternate week on Wednesdays. The Reserve Bank of India issues a calendar of T-bill auctions.
Detailed explanation-3: -The minimum amount that you can purchase of any given Treasury Bill, Note, Bond, TIPS, or FRNs is $100. Additional amounts must be in multiples of $100.