Question

Consider the following statements about Commercial Paper (C

  • P : 1. It is a short-term, unsecured promissory note. 2. Only companies with a minimum net worth of ₹4 Crore are eligible to issue CP. 3. It is issued at a discount to the face value. Which of the statements above is/are correct? 
A 1 and 2 only
B 2 and 3 only
C 1, 2, and 3
D 1 and 3 only
E 3 only
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