Treasury Bill (T-Bills) are the instruments issued by Government of India. Which of the following is correct for T-Bills?
1
They are long-term debt instruments.
2
They issued in three tenors, namely, 90 days, 180 days and 365 days.
3
They are issued at a discount and redeemed at the face value at maturity.
4
They pay interest to the purchaser at 8% p.a.
5
They are capital market instruments.