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

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Question

Explain the following term/concept.
Treasury bills

Short/Brief Note
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Solution

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.

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Types of Financial Market
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Chapter 11: Financial Market - Exercises [Page 169]

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Balbharati Secretarial Practice [English] Standard 12 Maharashtra State Board
Chapter 11 Financial Market
Exercises | Q 2.5 | Page 169
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