CameraIcon

SearchIcon

MyQuestionIcon

175

You visited us 175 times! Enjoying our articles? Unlock Full Access!

Business Studies

Call Money and T- Bill

RBI sells tre...

Question

RBI sells treasury bills on behalf of Govt.

A

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

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.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Which of the following schemes was launched by the RBI in 2004, under which Govt of India stated that Securities/Treasury Bills could be issued to absorb surplus/durable liquidity?

Q. An agreement, which in fact is a contract, between the RBI and Banks for the sale and repurchase of Govt securities and short-term treasury bills at a future date and for which the RBI indicates "the interest rate", is generally known as the _______________________.

Q. The central government issued Treasury bills to fulfill which requirements of banks?

Q. Treasury bills are _______.

Q. Treasury Bills are basically.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Call money and T-bill

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Call Money and T- Bill

Standard XII Business Studies

Join BYJU'S Learning Program

CrossIcon