1
Question
364 days treasury bills were introduced in _______.
364 days treasury bills were introduced in _______.
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Solution
The correct option is A April 1992
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. Treasury bills having a maturity period off 364 days were first issued in April, 1992.
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. Treasury bills having a maturity period off 364 days were first issued in April, 1992.
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