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Which among the following is/are NOT correct regarding Treasury Bills?

1. T-Bills are high risk money market instruments.
2. T-Bills are issued by central government as well as state governments.
3. T-Bills can be issued for the maximum duration of 180 days.
4. All 1, 2 and 3

Correct answer: All 1, 2 and 3

Solution

Treasury Bills are low-risk money market instruments issued only by the central government, not state governments. Their maturity is typically up to 364 days, not 180 days as stated here. Therefore, all three statements are incorrect.

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