question_answer

Consider the following statements in context with Treasury Bills:

1. They are issued by Government of India on behalf of Reserve Bank of India

2. They are mostly for Short term borrowings

3. Treasury Bills cannot be purchased by any person resident of India

Which among the above is / are correct?

A) All are correct     

B) 2 & 3 are correct

C) Only 2 is correct   

D) Only 3 is correct