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    Question

    What is the minimum and maximum tenure for a Certificate

    of Deposit (CD)?
    A 7 days тАУ 1 year Correct Answer Incorrect Answer
    B 15 days тАУ 3 years Correct Answer Incorrect Answer
    C 1 month тАУ 5 years Correct Answer Incorrect Answer
    D 3 months тАУ 10 years Correct Answer Incorrect Answer
    E No fixed tenure Correct Answer Incorrect Answer

    Solution

    As per RBI guidelines, Certificates of Deposit (CDs) have a minimum 7-day tenure and maximum 1-year tenure for banks.

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