Consider the following statements: 1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities. 2.

Question

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 are issued at a discount from the par value.
Which of the statements given above is/are correct?

Accepted Answer

(C) 2 and 3 only

Answer

(A) 1 and 2 only

Answer

(B) 3 only

Answer

(D) 1, 2 and 3