Government Securities are of various types.Identify the type of securities from the description given below-
1. They are money market instruments, are short term debt instruments issued by the Government of India and are issued in three tenors, namely, 91 day, 182 day and 364 day.
2. They are zero coupon securities and pay no interest.
3. They are issued at a discount and redeemed at the face value at maturity. For example, a 91 day Treasury bill of Rs.100/- (face value) may be issued at say Rs. 98.20, that is, at a discount of say, Rs.1.80 and would be redeemed at the face value of Rs.100/-.
4. The return to the investors is the difference between the maturity value or the face value (that is Rs.100) and the issue price .
Which type of securities have been mentioned in the above statements -
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