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Question
_______ are issued at a price which is lower than their face value and repaid at par.
_______ are issued at a price which is lower than their face value and repaid at par.
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Solution
The correct option is D Treasury Bill
Treasury bill are issued at a price which is lower than their face value and repaid at par. A treasury bill is basically an
instrument of short-term borrowing by the Government of India maturing
in less than one year. Treasury bills enable government to get short
term borrowings as these bills are sold to banks and general public.
Maturity of Treasury bills varies from 14 to 364 days.
Treasury bill are issued at a price which is lower than their face value and repaid at par. A treasury bill is basically an instrument of short-term borrowing by the Government of India maturing in less than one year. Treasury bills enable government to get short term borrowings as these bills are sold to banks and general public. Maturity of Treasury bills varies from 14 to 364 days.
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