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Certificate of Deposits was introduced in India as per directions of

ASEBI

BIRDAI

CRBI

DMinistry of Finance

Answer:

C. RBI

Read Explanation:

Certificate of Deposits:

  • Certificate of deposits is a negotiable money market instrument issued in dematerialized form or usance promissory note, against the fund deposited at a bank or other eligible financial institutions issued for a period of time. 

  • Certificate of Deposits was introduced in India in 1989. 

  • CDs issued as per directions of RBI

  • Minimum Amount - 1 Lakh and can invest it's multiples

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