It is an instrument of short-term borrowing by the Government of India maturing in less than one year. (a) l (b) (c) (d) None of the aboveAnswer choicesSelect only one optionREVISITCommercial bilTreasury billCall moneyShares
Question
It is an instrument of short-term borrowing by the Government of India maturing in less than one year. (a) l (b) (c) (d) None of the aboveAnswer choicesSelect only one optionREVISITCommercial bilTreasury billCall moneyShares
Solution
The correct answer is (b) Treasury bill. Treasury bills are indeed short-term borrowing instruments used by the Government of India, which mature in less than one year.
Similar Questions
It is used as an alternative to bank borrowing for large and creditworthy companies,Answer choicesSelect only one optionREVISITCommercial papersTreasury billDebenturesCall money
Which short-term (up to one year) instrument is issued by government as a means of financing it's cash requirements
It is a method by which banks borrow from each other to be able to maintain the cash reserve ratio.Answer choicesSelect only one optionREVISITCommercial papersTreasury billDebenturesCall money
Which of the following is the instruments of Money market?Answer choicesSelect only one optionREVISITSharesDebenturesTreasury BillsDerivatives
It is a loan taken at a certain rate of interest for a definite time period and repaid on maturity.a.Bondsb.Notes payablec.Interest payabled.Taxes payable
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.