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NISM Certifications · NISM-Series-X-A: Investment Adviser (Level 1) · Introduction to the Indian Financial Markets

Which of the following is a money market instrument issued by the Government of India with original maturity of 91, 182 or 364 days?

Treasury bills are issued by the Government of India with maturities of 91, 182 and 364 days. They are issued at a discount and redeemed at face value. Dated securities are longer term, certificates of deposit come from banks, and debentures come from companies.

  1. ATreasury billCorrect
  2. BDated government security
  3. CCertificate of deposit
  4. DDebenture

Explanation

Treasury bills are zero-coupon short-term instruments issued by the government at a discount and redeemed at face value, with maturities of 91, 182 and 364 days. Dated securities have maturities of years. Certificates of deposit are issued by banks, and debentures by companies.

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