UPSC Civil Services Prelims 2020
Question 21 of 70Indian Economy

With reference to the 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 statements given above 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

24 words hidden ... so Statement 3 is hidden. Statement 2 is hidden because certificates of deposit are not long-term instruments and ... 28 words hidden

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