MCQOPTIONS
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| 1. |
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.4. 'Zero-Coupon Bonds' are the interest-bearing short-term bonds issued by the Scheduled Commercial Banks to corporations.Which of the statements given above is/are correct? |
| A. | 1 and 2 only |
| B. | 4 only |
| C. | 1 and 3 only |
| D. | 2, 3 and 4 only |
| Answer» D. 2, 3 and 4 only | |