UGC NET Economics Q52

Question

Given below are two statements:
Statement I: The ordinary treasury bills that are marketable and have a secondary market are issued to the public and financial institutions.
Statement II: Ad hoc treasury bills are issued only in favour of the Reserve Bank of India which is authorized to issue currency notes against them.
In the light of the above statements, choose the most appropriate answer from the options given below:

Accepted Answer

Both Statement I and Statement II are true