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


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