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Explain the following term/concept.Treasury bills - Secretarial Practice

Short Note

Explain the following term/concept.
Treasury bills

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Treasury Bills are short-term securities issued by RBI to meet the government's short-term funds requirement. These bills are negotiable and freely transferable. They are sold to banks, individuals, firms, institutions, etc. The minimum value of T-bills is  25,000 or in multiples of  25000. These bills are also called Zero-Coupon Bonds. T-bills have three maturity periods - 91 days, 182 days, and 364 days.

Concept: Types of Financial Market
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Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 11 Financial Market
Exercise | Q 2.5 | Page 169
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