- T-Bills are instruments of the central government, not state governments. - The RBI acts as the debt manager for the Central Government and auctions T-Bills on its behalf. - T-Bills are issued at a discount to their face value, and the return is the difference between the face value and the purchase price. - They are available in various tenors, such as 91-day, 182-day, and 364-day.
Treasury bills are sold in India by
Asked in UPPSC Upper Mains 2009 · Topic: Money & Banking (Financial Markets: Money Market and Capital Market (Components, Instruments, Role))
More Economic Development questions
- Capital Account Convertibility of the Indian Rupee implies
- The economic crisis in the latter half of 1990s most seriously affected Indonesia, Thailand, Malaysia and South Korea. The cause of the crisis was
- The upper part of the graph is a hypothetical movement in the BSE Sensex over a few months and the lower part is the fluctuation in the average value of automobile shares in the same period (actual values not given). Which one of the following inferences can be drawn from the graphs?
- Debenture holder of a company are its
- Among the following major stock exchanges of India, the exchange which recorded highest turnover during the year 2001-01 is
- The economic and monetary union of 15 European Countries is proposed to be made by 1999. But the currencies of two countries, Franc, have already the same value and circulate freely in both the countries. The countries are
- What is/are the goal(s) of SEBI's new move to introduce T+0 settlement ? I. To enhance liquidity and reduce settlement risk in the stock market, II. To minimize counter party risk and enhance market efficiency. III. Potentially reduce the impact of market volatility on settlement. IV. To increase operational expenses for market participants.
- Long-term loan to the corporate sector usually comes from