The short term instrument issued by the Reserve Bank of India is:
The short term instrument issued by the Reserve Bank of India is:
Solution
✅ Correct Option: 3
Treasury bills are short-term instruments issued by the Reserve Bank of India on behalf of the Government of India. They are issued at a discount and redeemed at par, and are therefore also known as Zero Coupon Bonds. CDs are issued by banks, commercial papers by companies, and commercial bills arise from trade transactions. Hence option 3.
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