Question

Answer the following question:
An investor wanted to incest RS. 20,000 in Treasury Bills for a period of 91 days. When he approached the Reserve Bank of India for this purpose he came to know that it was not possible.
Identify the reason why the investor could not invest in the Treasury Bill.

Answer 1

The investor could not invest in the Treasury Bill as treasury bills can be bought for a minimum amount of Rs. 25,000 and in multiples thereof.