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Which of the following characteristics do(es) not belong to treasury bills?
None of the Above. For further details Please refer RBI site. However I quote below the details of Treasury Bills:-
Treasury Bills are Promissory Notes because they fulfil the following criterion of Promissory Note:-
1.It must be in writing.
2.It must certainly express a promise or clear understanding to pay.
3.Promise to pay must be unconditional.
4.It must be signed by the maker.
5.The maker must be certain.
6.The payee must be certain.
7.The promise should be to pay money and money only.
8.The amount should be certain.
Types:
Treasury bills (T-bills) offer short-term investment opportunities, generally up to one year. They are thus useful in managing short-term liquidity. At present, the Government of India issues three types of treasury bills through auctions, namely, 91-day, 182-day and 364-day. There are no treasury bills issued by State Governments.
Amount
Treasury bills are available for a minimum amount of Rs.25,000 and in multiples of Rs. 25,000. Treasury bills are issued at a discount and are redeemed at par. Treasury bills are also issued under the Market Stabilization Scheme (MSS).
Auctions
While 91-day T-bills are auctioned every week on Wednesdays, 182-day and 364-day T-bills are auctioned every alternate week on Wednesdays. The Reserve Bank of India issues a quarterly calendar of T-bill auctions which is available at the Banks’ website. (URL:http://www.rbi.org.in). It also announces the exact dates of auction, the amount to be auctioned and payment dates by issuing press releases prior to every auction.
Type of Day of Day of
T-bills Auction Payment*
91-day Wednesday Following Friday
182-day Wednesday of non-reporting week Following Friday
364-day Wednesday of reporting week Following Friday
* If the day of payment falls on a holiday, the payment is made on the day after the holiday.
It is International Financial Reporting Standards. The IFRS Foundation is an independent, not-for-profit organisation. Their primary mission is to develop, in the public interest, a single set of high quality, understandable, enforceable and globally accepted International Financial Reporting Standards (IFRS) based upon clearly articulated principles.
IFRS are developed by the International Accounting Standards Board (IASB), the independent standard-setting body of the IFRS Foundation. For more details refer to their website : http://www.ifrs.org
Which of the following is a subsidiary of State Bank of India to transact in government securities?
SBI DFHI LTD is a State Bank of India Group Company with impeccable lineage, created out of the merger in 2004 of the two leading players in the domestic Money and Debt Markets, the RBI promoted Discount & Finance House of India (DFHI) and SBI Gilts Ltd, a subsidiary of India’s largest commercial bank.
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Lc means letter of credit and lc is provided by issuing bank