Question

Auction of 182 days treasury bills was discontinued from _______.

• A. April 1992
• B. Feb. 1996
• C. May 2001
• D. May 1999

Answer 1

Answer: (C)

May 2001

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 reintroduced in May, 1999 and further discontinued in May, 2001.