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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 тАУ 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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