UPSC Civil Services Prelims 2015
Question 16 of 55Indian Economy
In India, ‘Commercial Paper’ is
Aa long-term secured debt instrument issued by the Government
Ba short-term unsecured promissory note issued by eligible entities
Ca negotiable instrument issued only by the Reserve Bank of India
Da type of equity share traded in stock markets
Correct Answer
The correct answer is hidden
Explanation
24 words hidden ... It is used to meet working capital and short-term funding requirements. It is not a government security, not an ... 22 words hidden