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Directions (1 - 5) : Rearrange the following six sentences (A), (B), (C), (D), (E) and (F) to make a meaningful paragraph and answer the questions that follow.
 
(A) The difference between the price at which the treasury bills are issued and their redemption value is the interest receivable on them and is called discount.
 
(B) Treasury bills are issued in the form of a promissory note.
 
(C) It is also known as Zero Coupon Bond issued by the Reserve Bank of India on behalf of the Central Government to meet its short-term requirement of funds. 
 
(D) They are highly liquid and have assumed yield and negligible risk of default. 
 
(E) A treasury bill is basically an instrument of short-term borrowing by the Government of India maturing in less than one year.
 
(F) They are issued at a price which is lower than their face value and repaid at par.
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  • 1.
    Which of the following would be the FIRST sentence after rearrangement?
    A. (A) B. (B)
    C. (C) D. (E)
    E. (F)

  • 2.
    Which of the following would be the SECOND sentence after rearrangement?
    A. (C) B. (D)
    C. (E) D. (F)
    E. (A)

  • 3.
    Which of the following would be the THIRD sentence after rearrangement?
    A. (E) B. (F)
    C. (B) D. (C)
    E. (D)

  • 4.
    Which of the following would be the FOURTH sentence after rearrangement?
    A. B B. C
    C. F D. A
    E. D

  • 5.
    Which of the following would be the LAST (SIXTH) sentence after rearrangement?
    A. (F) B. (A)
    C. (D) D. (B)
    E. (C)

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