Question : It is an instrument of short term borrowings issued by Reserve Bank of India on behalf of Indian government. Which money market instrument is highlighted in the given statement?
Option 1: Treasury bill
Option 2: Commercial paper
Option 3: Call money
Option 4: Commercial bill
Answer (1)
10th Jan, 2024
Correct Answer: Treasury bill
Solution : A treasury bill is an instrument of short term borrowings issued by the Reserve Bank of India on behalf of Indian government.They are also known as zero coupon bonds.
Hence, option A is correct.
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