Consider the following statements with respect to “Treasury Bills”
a) Treasury Bills are one of the un-organized money market instruments.
b) Treasury Bills are short term debt instruments issued by the corporates and non-banking financial instruments.
c) Treasury bills are zero coupon securities and pay no interest.
d) Treasury bills are issued at a discount and redeemed at the face value at maturity.
e) Presently Treasury Bills are issued in four tenors namely, 14 day, 91 day, 182 day and 364 day
Which of the above statements are correct?
1
all are true
2
only a, b and d are true
3
only c and d are true
4
only c,d and e are true
5
only b and d are true