Question 14 of 52Indian Economy
With reference to Indian economy, consider the following statements: 1. Commercial Paper is a short-term unsecured promissory note. 2. Certificate of Deposit is a long-term instrument issued by the Reserve Bank of India to a corporation. 3. Call Money is short-term finance used for interbank transactions. Which of the above statements are correct?
A1 and 2 only
B1 and 3 only
C2 and 3 only
D1, 2 and 3
Correct Answer
The correct answer is hidden
Explanation
29 words hidden ... of deposit is not a long-term instrument and is issued by banks and certain financial institutions, not by the RBI to a ... 32 words hidden