UPSC Prelims 2018 · GS Paper 1 · Q56
Economy
Medium · Treasury Bills and RBI's Role in Government Securities
Consider the following statements:
1. RBI's role in the government securities market is confined to managing the Centre's securities alone, it does not manage any State Government's securities.
2. Treasury bills are issued only by the Central Government, State Governments do not issue treasury bills.
3. Treasury bills are issued at a discount to their face value rather than carrying a coupon rate.
Which of the statements given above are correct?