Commercial Paper was introduced in India by RBI in
AApr 1992
BJul 1985
CJan 1990
DNov 1995
Answer:
C. Jan 1990
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 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