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      Question

      Which of the following statements is correct regarding

      the RBI’s Master Direction on KYC for CPs and NCDs?
      A CPs and NCDs can be issued in physical form Correct Answer Incorrect Answer
      B The minimum denomination of CPs is ₹1 lakh Correct Answer Incorrect Answer
      C CPs and NCDs cannot be underwritten or co-accepted Correct Answer Incorrect Answer
      D CPs have a tenor of up to 5 years Correct Answer Incorrect Answer
      E NCDs can have call/put options Correct Answer Incorrect Answer

      Solution

      According to the "Master Direction on KYC for CPs and NCDs," CPs and NCDs cannot be underwritten or co-accepted.

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