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      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 All of the above 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.

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