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      Question

      According to the RBI circular, what is the minimum

      number of days required as the tenor for issuing Commercial Papers (CPs)?
      A 3 days Correct Answer Incorrect Answer
      B 5 days Correct Answer Incorrect Answer
      C 14 days Correct Answer Incorrect Answer
      D 30 days Correct Answer Incorrect Answer
      E 7 days Correct Answer Incorrect Answer

      Solution

      The circular "Master Direction – Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity up to one year)" states that the minimum tenor for CPs must not be less than seven days.

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