Consider the following statements : 1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities. 2. Treasury bills are issued by the Government of India and there are no treasury bills issued by the State Governments. 3. Treasury bills offer are issued at a discount from the par value. Which of the statements given above is/are correct ?

Asked in UPSC IAS 2018 · Topic: Money & Banking (Financial Markets: Money Market and Capital Market (Components, Instruments, Role))

1. 1 and 2 only
2. 3 only
3. 2 and 3 only
4. 1, 2 and 3

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