Which financial asset is indicated in the above case?
A. Treasury Bill
B. Commercial Paper
C. Commercial Bill
D. Call Money
Answer:A
Which financial asset is indicated in the above case?
A. Treasury Bill B. Commercial Paper C. Commercial Bill D. Call Money
Explanation: A Treasury bill is basically an instrument of short-term borrowing by the Government of India maturing in less than one year. Treasury bills are issued in the form of a promissory note. They are highly liquid and have assured yield and negligible risk of default.