GyanGramConsider the following statements: 1. The Reserve Bank of India manages and services Government of India Secu…
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Consider the following statements:
1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities.
2. Treasury bills are issued by the Government of India and there are no treasury bills issued by the State Governments.
3. Treasury bills offer are issued at a discount from the par value.
Which of the statements given above is/are correct?
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• Correct Answer: C
• RBI manages public debt for both Central and State Governments, including State Development Loans (SDLs).
• Treasury bills are short-term instruments issued only by the Government of India at a discount to par value; States do not issue them.
• Statement 1 is incorrect; statements 2 and 3 are correct.
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