Who issues a treasury bill?

(a) Any private sector bank

(b) All of the options

(c) Reserve Bank of India

(d) Any nationalised bank

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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