📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    While regulator in India regulates and provide

    guidelines on issuance of commercial papers?
    A Insurance Regulatory and Development Authority of India (IRDAI) Correct Answer Incorrect Answer
    B Securities and Exchange Board of India (SEBI) Correct Answer Incorrect Answer
    C Federation of Indian Chambers of Commerce and Industry (FICCI) Correct Answer Incorrect Answer
    D Ministry of Corporate Affairs (MCA) Correct Answer Incorrect Answer
    E Reserve Bank of India (RBI) Correct Answer Incorrect Answer

    Solution

    The RBI regulates and provides guidelines on the issuance of commercial papers in India, which are short-term unsecured promissory notes issued by companies to raise funds for their short-term financing needs. Option A is incorrect as SEBI is a regulatory body for the securities market in India, and is not directly responsible for the regulation of commercial papers.

    Practice Next
    More Previous year papers Questions

    Relevant for Exams:

    ask-question