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    Question

    Which of the following instruments in the Indian money

    market is a negotiable, unsecured instrument issued by banks and financial institutions to raise short-term funds?
    A Commercial Paper Correct Answer Incorrect Answer
    B Certificate of Deposit Correct Answer Incorrect Answer
    C Treasury Bills Correct Answer Incorrect Answer
    D Repurchase Agreements (Repos) Correct Answer Incorrect Answer
    E Collateralized Borrowing and Lending Obligation (CBLO) Correct Answer Incorrect Answer

    Solution

    A Certificate of Deposit (CD) is a negotiable, unsecured money market instrument issued by banks and financial institutions to raise short-term funds. It typically has a maturity period of up to one year.

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