Commercial Paper was introduced in India by ---
ARBI
BSEBI
CMinistry of Finance
DNABARD
Answer:
A. RBI
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 introduced in India by RBI - Jan 1990
Commercial paper issued for Working Capital requirements
Commercial paper is an - unsecured promissory note
Commercial paper first used in CPs are available for a minimum amount of Rs 500000 in multiple of It is a Negotiable Instrument