Q. Which of the following can be issued by state governments?

1. G-secs
2. T-bills

Select the correct option from the codes given below:
Answer: Only 1
Notes: State governments in India can issue only G-secs (State Development Loans), which are long-term securities. Treasury Bills (T-bills), which are short-term instruments, can be issued only by the Central Government. Hence, among the options, only G-secs are issued by state governments and not T-bills.