Economics · Money Market
With reference to Commercial Paper (CP) in India, consider the following statements: 1. It is a secured money market instrument issued in the form of a promissory note. 2. It was introduced in India in 1990 to enable highly rated corporate borrowers to diversify their sources of short-term borrowings. 3. Corporates, primary dealers (PDs), and All-India Financial Institutions (FIs) are eligible to issue CP. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 2 only
- 22 and 3 only✓
- 31 and 3 only
- 41, 2, and 3
Correct answer
2 and 3 only
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