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A Treasury Bill is basically: (a) An instrument to borrow short-term funds (b) An instrument to borrow long-term funds

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asked Jan 13, 2018 in Business Studies by Annu Priya (18,055 points) ● 24 ● 46 ● 95

A Treasury Bill is basically:

(a) An instrument to borrow short-term funds

(b) An instrument to borrow long-term funds

(c) An instrument of capital market

(d) None of the above

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answered Jan 13, 2018 by Annu Priya (18,055 points) ● 24 ● 46 ● 95
 
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(a) A Treasury Bill is an instrument to borrow short term funds by the Government of India. They have a maturity period of less than a year. They are also called Zero-Coupon Bonds. They are issued by the RBI on behalf of the Central Government.

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