1
Question
182 days treasury bills were reintroduced in _______.
182 days treasury bills were reintroduced in _______.
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Solution
The correct option is B May 1999
Treasury bills are government bills which are offered to the general public by the government to raise short term funds. Therefore, these are also known as short term liability of central government because the government is liable to pay the face value on maturity. The issue of treasury bills bearing maturity of 182 days was suspended in April, 1992, which was reintroduced in May, 1999.
Treasury bills are government bills which are offered to the general public by the government to raise short term funds. Therefore, these are also known as short term liability of central government because the government is liable to pay the face value on maturity. The issue of treasury bills bearing maturity of 182 days was suspended in April, 1992, which was reintroduced in May, 1999.
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