Q409
Non-competitive bidders get allocation of treasury bills on
A.
federal basis
B.
last basis
C.
firstly basis
D.
preferential basis
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Non-competitive bidders get allocation of treasury bills on preferential basis. Treasury Bills, also known as T-bills are the short-term money market instrument, issued by the central bank on behalf of the government to curb temporary liquidity shortfalls.