GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The government has allowed issue of Long-Term Bonds for Insurance Companies and others upto:
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10 years
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20 years
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30 years
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40 years
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Explanation:
Detailed explanation-1: -Government Bonds India, fall under the broad category of government securities (G-Sec) and are primarily long term investment tools issued for periods ranging from 5 to 40 years. It can be issued by both Central and State governments of India.
Detailed explanation-2: -Treasury bills or T-bills are issued only by the central government of India. They are short-term money market instruments, which means that their maturity period is less than 1 year.
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