With reference to the Indian economy, consider the following statements: 1. 'Commercial Paper' is a short-term unsecured promissory note. 2. 'Certificate of Dep

Question

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 a short-term finance used for interbank transactions.
4. "Zero-Coupon Bonds are the interest bearing short-term bond issued by the Scheduled Commercial Banks to
Which of the statements given above is/are correct?

Accepted Answer

(C) 1 and 3 only

Answer

(A) 1 and 2 only

Answer

(B) 4 only

Answer

(D) 2, 3 and 4 only