Which of the following is not true with respect to government securities market in India?
1
Treasury bills or T-bills are presently issued in three tenors, namely, 91 day, 182 day and 364 day only.
2
Treasury bills or T-bills are only issued by the Government of India.
3
Treasury bills are money market instruments used by companies, municipalities, states, and sovereign governments to raise money.
4
A bond is a debt instrument used by companies, municipalities, states and sovereign governments to raise money.