What do you mean by 'Treasury Bills'?
CS Executive · Capital Markets & Securities Laws · PYQS · June 2019
What do you mean by 'Treasury Bills'?
Answer & Explanation:
Treasury bills are money market instruments issued by RBI to finance the short term requirements of the Government of India. These securities are issued at a discounted value and redeemed at the face value at maturity. The return to the investor is the difference between the maturity value and issue price.
Topics: Money Market Instruments
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