n NISM Certifications
XXI NISM Series XXI-A
Medium

In India, the Central Government issues:

Practice question from NISM XXI A for PMS - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Treasury bills

  2. B

    Dated securities

  3. Both of the above

    Correct answer

  4. D

    Certificate of deposits

Why this is the answer

The government issues treasury bills (short-term) and dated securities (long-term) to raise funds. Certificates of deposits are issued by banks and financial institutions.

Test yourself for real

Take a full NISM Series XXI-A mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.