@MasterPYQ through this video explains the features of T-bills along with an important question i.e. "What is a Treasury Bill?". This concept is important for #UPSC, #SEBI, NABARD and other similar exam #aspirants. When the government goes to raise money, it does so by issuing two types of debt instruments — treasury bills and government bonds. Treasury bills are issued when the government needs money for a short period. These bills are issued only by the central government. Treasury bills are issued at a discount to original value and the buyer gets the original value upon maturity. For example, a Rs 100 treasury bill can be availed of at Rs 95, but the buyer is paid Rs 100 on the maturity date. The return on treasury bill depends on liquidity position in the economy.