Question : Which of the following is not a type of treasury bill?
Option 1: 14-day treasury bill
Option 2: 28-day treasury bill
Option 3: 91-day treasury bill
Option 4: 365-day treasury bill
Correct Answer: 365-day treasury bill
Solution : d). 365-day treasury bill
Treasury bills are short-term debt instruments issued by the government to meet its short-term funding requirements. They are typically issued for various tenures, but a 365-day treasury bill is not a common type. The most common types of treasury bills are 14-day, 28-day, and 91-day treasury bills. These bills represent the tenure or maturity period of the instrument, indicating when it will be redeemed by the government. Therefore, the correct answer is option d). 365-day treasury bill.
Related Questions
Trending Articles/News
