Which of the following are the features of Treasury Bills?
A. Negotiable Securities
B. Issued at par and are repaid at premium on maturity.
C. High liquidity on account of short tenure
D. Assured Yield
E. High transaction cost
Choose the correct answer from the options given below:

Correct option is B

Treasury Bills (T-Bills) are short-term securities issued by the government.
· Negotiable Securities (A) – Can be traded in the secondary market.
· High Liquidity (C) – Due to short tenure (91, 182, 364 days).
· Assured Yield (D) – As they are risk-free.
Incorrect Options:
· Issued at par and repaid at premium (B) – Incorrect; they are issued at a discount and redeemed at face value.
· High transaction cost (E) – Incorrect; they have low transaction costs.
Information Booster:
1. T-Bills are zero-coupon bonds issued at a discount.
2. Used for short-term financing by the government.
3. Risk-free investment backed by the government.
4. Traded in secondary markets, ensuring liquidity.
5. Issued in denominations of ₹25,000 or more.