Ajay wishes to invest ₹1,50,000 in treasury bills. What are the maximum number of treasury bills he can buy with his fund?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → 6.
The minimum face value of a treasury bill is ₹25,000 and Ajay has ₹1,50,000 to invest.
The number of treasury bills he can buy = ₹1,50,000/₹25,000
= 6
So, the maximum number of treasury bills Ajay can buy with his ₹1,50,000 is 6.