Discussion
The maturity period of Treasury Bill is
Answer: A
Correct answer: 91 Days
The 91-day bill is the classic Treasury Bill, and the maturity the question asks for. Treasury Bills are short-term instruments issued by the Government of India through the RBI at a discount to face value, redeemed at par, with the difference constituting the investor's return.
India also issues 182-day and 364-day bills, so an answer of "both" may look tempting; but 364-day paper is a separate tenor rather than an alternative maturity for the same instrument, and the 91-day bill is the benchmark to which the question refers.
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