UPSC Civil Services Prelims 2011
Question 6 of 53Indian Economy
Which one of the following best describes ‘commercial paper’?
AA short-term unsecured promissory note issued by eligible entities
BA long-term secured instrument issued by the government
CAn equity share issued in paper form
DA subsidy coupon for small businesses
Correct Answer
The correct answer is hidden
Explanation
16 words hidden ... note by financially sound corporates and other eligible institutions. It is used to raise short-term funds for working ... 14 words hidden