Suppose an investor purchases a 91 days Treasury bill with a face value of ?2,00,000 for ?1,92,000. By holding the bill until the maturity date, the investor receives ?2,00,000. What is the amount of interest received by him?
A) ?8,000
B) ?80,000
C) ?3,92,000
D) ?2,00,000
Correct Answer:
Verified
Q17: Which of the following statements is true
Q18: The allocated function is performed by
A)Financial market
B)Capital
Q19: It is a market for short-term funds
Q20: It is an instrument of short-term borrowing
Q21: Who issues a treasury bill?
A)Any nationalised bank
B)Any
Q23: It is used as an alternative to
Q24: It is a method by which banks
Q25: A rise in call money rates makes
Q26: It is a short-term, negotiable, self-liquidating instrument
Q27: The capital market consists of
A)Development banks
B)Commercial banks
C)Stock
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