Question

Treasury bills are_?​

Answer 1

Explanation:

Treasury bills are money market instruments issued by the Government of India as a promissory note with guaranteed repayment at a later date.

Answer 2

Explanation:

Treasury bills are money market instruments issued by the Government of India as a promissory note with guaranteed repayment at a later date. Funds collected through such tools are typically used to meet short term requirements of the government, hence, to reduce the overall fiscal deficit of a country.