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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Solution

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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Treasury Bill is basically

(a) An instrument to borrow short-term funds.

(b) An instrument to borrow long-term funds.

(d) None of the above.

A Treasury bill is an instrument of _____________.

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