____________ are also called zero coupon bonds.

(a) Trade bills
(b) Call money
(c) Treasury bills
(d) Commercial papers

Answer (c) Treasury bills

Explanation: Treasury bills are money market instruments provided by the Government of India as a promissory note with ensured reimbursement on a specific date in the future. Assets gathered through such tools are ordinarily used to meet momentary necessities or for short-term use requirements of the public authority, thus, lessening the overall financial deficiency of a country.

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