Which of the following money market instrument is also known as Zero Coupon Bonds?
A. Call Money
B. Treasury Bill
C. Commercial Paper
D. Commercial Bill
Answer:B
Which of the following money market instrument is also known as Zero Coupon Bonds?
A. Call Money B. Treasury Bill C. Commercial Paper D. Commercial Bill
Explanation: Treasury bill are also known as Zero Coupon Bonds issued by the Reserve Bank of India on behalf of the Central Government to meet its short-term requirement of funds.