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NISM Certifications · NISM-Series-VI: Depository Operations · Special Services - Debt Instruments and Government Securities

Treasury Bills issued by the Government of India differ from dated securities in that Treasury Bills:

Treasury Bills are zero-coupon, short-term instruments issued at a discount and redeemed at face value on maturity. Their tenors are 91, 182 and 364 days, unlike dated securities that pay coupons and run for years.

  1. APay half-yearly coupons
  2. BAre issued at a discount and redeemed at face valueCorrect
  3. CHave maturities of 5 to 40 years
  4. DAre issued only to banks

Explanation

Treasury Bills are short-term money market instruments (91, 182 and 364 days) issued at a discount to face value and redeemed at par, with no coupon. Long maturities and half-yearly coupons describe dated securities.

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