It Is an Instrument of Short-Term Borrowing by the Government

question 35

Multiple Choice

It is an instrument of short-term borrowing by the Government of India maturing in less than one year.

• A)Commercial bill
• B)Treasury bill
• C)Call money
• D)None of the above

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Definitions:

Life Estate

A legal arrangement where an individual is granted the rights to use and benefit from property during their lifetime, but does not own the property outright.

Fee Simple

A type of real estate ownership where the owner has unrestricted rights to the property, including the right to sell or bequeath it.

Future Interest

A legal right to property ownership that will begin at a future date, rather than immediate possession.

Life Tenant

An individual who has the right to use or occupy a property during their lifetime, but does not own the property.