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Which of the following statement is false about Treasury bills?Question 3Answera.It is issued by government / RBIb.It is a secure Instrumentc.It is a promissory noted.It is issued for maturity of more than 1 year

Question

Which of the following statement is false about Treasury bills?Question 3Answera.It is issued by government / RBIb.It is a secure Instrumentc.It is a promissory noted.It is issued for maturity of more than 1 year

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Solution

The false statement about Treasury bills is:

d. It is issued for maturity of more than 1 year

Explanation: Treasury bills, or T-bills, are short-term debt instruments issued by the Government of India and managed by the Reserve Bank of India (RBI). They are issued for the short term only, typically for maturity periods of 91 days, 182 days, or 364 days. Therefore, they are not issued for maturity of more than 1 year.

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