Commercial Paper is a ---
ABond
BSecurity
CNegotiable Instrument
DLoan Document
Answer:
C. Negotiable Instrument
Read Explanation:
COMMERCIAL PAPER:
Commercial Paper is an unsecured Short term debt instrument, which are issued by Corporates and All Indian Financial institution.
Tenure of a commercial paper shall be between - 7 Days to 1 year
Commercial Paper was introduced in India by RBI - Jan 1990
Commercial paper is issued for Working Capital requirements
Commercial paper is an - unsecured promissory note
Commercial paper was first used in CPs are available for a minimum amount of Rs 500000 or multiples of it.
It is a Negotiable Instrument