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      Question

      As per the RBI’s revised instructions on Commercial

      Papers (CPs), what is the maximum tenor allowed for a CP?
      A 30 days Correct Answer Incorrect Answer
      B 60 days Correct Answer Incorrect Answer
      C 1 year Correct Answer Incorrect Answer
      D 90 days Correct Answer Incorrect Answer
      E 180 days Correct Answer Incorrect Answer

      Solution

      The circular "Master Direction – Reserve Bank of India (Commercial Paper and Non-Convertible Debentures)" states that the maximum tenor for CPs is one year.

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