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Question
Who issues a treasury bill?
Who issues a treasury bill?
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Solution
The correct option is C Reserve Bank of India
Answer (c) Reserve Bank of India
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.
Reserve Bank of India
Answer (c) Reserve Bank of India
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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