Choose the correct statements.

I. Treasury bills are money market instruments.

II. Commercial Bill is a short term, negotiable and self-liquidating instrument with low risk.

III. Treasury bills are issued by the Central Government.

Which is/are correct?

Many times, we read about future trading in newspapers. What is 'future trading' in stock market?

I. It is nothing but a trade between any two stock exchanges, wherein it is decided to purchase the stocks of each other on a fixed price throughout the year.

II. It is an agreement between two parties to buy or sell an underlying asset in the future at a predetermined price.

III. It is an agreement between stock exchanges that they will not trade the stocks of each other under any circumstances in the future or for a given period of time.

Select the correct answer using the codes given below:

Many times, we have read in newspapers that a company is planning to go public. What does it mean?

I. Shares of the company will be issued only through public sector organisations like banks/central financial institutions etc.

II. Offering a private company's initial public offering (IPO).

III. This means some stakeholders/promoters are willing to leave the company. Hence, they wish to sell their stock to the general public.

Select the correct answer using the codes given below: