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    Question

    According to the RBI Commercial Paper Directions

    approved that InvIT and REIT having net worth of at least Rs ___ crore are eligible to issue commercial paper.
    A 50 Correct Answer Incorrect Answer
    B 55 Correct Answer Incorrect Answer
    C 70 Correct Answer Incorrect Answer
    D 80 Correct Answer Incorrect Answer
    E 100 Correct Answer Incorrect Answer

    Solution

    The move came after Reserve Bank Commercial Paper Directions approved that InvIT and REIT having net worth of at least Rs 100 crore are eligible to issue commercial paper. This is subject to certain conditions, including, REITs and InvITs need to abide by the guidelines prescribed by Reserve Bank of India (RBI) for issuances of commercial papers and follow the conditions of listing norms prescribed by SEBI.

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