Question
With reference to the Indian economy, consider the
following statements : 1. ‘Commercial Paper’ is a short-term unsecured promissory note. 2. ‘Certificate of Deposit’ is a long-term instrument issued by the Reserve Bank of India to a corporation. 3. ‘Call Money’ is a short-term finance used for interbank transactions. 4. ‘Zero-Coupon Bonds’ are the interest bearing short term bonds issued by the Scheduled Commercial Banks to corporations. Which of the statements given above is/are correctSolution
Certificate of deposit is a short term debt instrument. 2 is wrong since it says ‘long term instrument’. This eliminates the options a and d. Call money is a short-term finance for interbank transactions, so the option 3 is correct.
More ESI Questions
- Find the wrong number in the given number series.
226, 353, 522, 739, 990, 1341 420, 380, 340, 300, 280, 220, 180
- Find the wrong number in the given number series.
4, 10, 22, 46, 92, 186 2, 4, 16, 48, 240, 1440, 10080
4 6 12 30 90 310
...- 2024, 1583, 1193, 822, 498, 209
5, 6, 8, 16, 38, 158
11, 92, 156, 205, 241, 266
126 130 114 150 82 186 42
...8, 17, 35, 71, 143, 287
Relevant for Exams:
