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Business Studies

Call Money and T- Bill

RBI sells tre...

Question

RBI sells treasury bills on behalf of Govt.

A

True

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False

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Solution

The correct option is A True
Reserve Bank of India(RBI) is the apex of the monetary and banking structure of the country that regulates and controls the entire banking system of India. Reserve Bank of India(RBI) sells treasury bills on behalf of the government to the public in order to raise short term finance for the government which is usually for 3-6 months tenure.

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