Q. At present, which of the following treasury bill/s is/are issued by the government?
1.14-day treasury bills
2.91-day treasury bills
3.182-day treasury bills
Choose the correct answer from below given codes:
Explanation: Treasury Bills (TBs) is an instrument of the money market though present since Independence got organized only in 1986.
They are used by the Central Government to fulfill its short-term liquidity requirement up-to the period of 364 days. There developed five types of the TBs in due course of time:
- 14-day (Intermediate TBs)
- 14-day (Auctionable TBs)
- 91-day TBs
- 182-day TBs
- 364-day TBs
Out of the above five variants of the TBs, at present only the 91-day TBs, 182-day TBs and the 364-day TBs are issued by the government. The other two variants were discontinued in 2001.
Source: Ramesh Singh