New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Who among the following can issue Certificate of

    Deposits to raise short term resources?
    A Companies Correct Answer Incorrect Answer
    B Commercial Banks Correct Answer Incorrect Answer
    C Regional Rural Banks Correct Answer Incorrect Answer
    D Local Area Banks Correct Answer Incorrect Answer
    E Non-Banking Financial Companies Correct Answer Incorrect Answer

    Solution

    Certificate of Deposit is a negotiable money market instrument issued in a dematerialized form or as a Promissory Note issued by Scheduled Commercial Banks and select all- India financial institutions permitted by RBI to raise short term finance excluding RRB’s and LAB’s

    Practice Next

    Relevant for Exams: