It is an instrument of short term borrowing by the Government of India maturing in less than one yea...........

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It is an instrument of short-term borrowing by the Government of India maturing in less than one year.

Commercial bill

Treasury bill

Call money

None of the above

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Explanation:

- Commercial Bill: These are short-term, negotiable, and self-liquidating instruments with low risk. They're typically used by businesses to finance their short-term credit needs.

- Treasury Bill: These are government debt instruments with a maturity of less than a year. They are used for short-term borrowing needs. The Government of India issues them to raise funds and manage liquidity.

- Call Money: This refers to short-term loans between financial institutions, usually for one day. It helps banks maintain liquidity and meet reserve requirements.

- None of the Above: In case none of the options fit, this would be chosen.