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Question

In India, Commercial Papers are issued as per the guidelines issued by ______________.


A
Securities and Exchange Board of India
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B
Reserve Bank of India
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C
Forward Market Commission
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D
None of the above
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Solution

The correct option is C Reserve Bank of India
Commercial paper is an unsecured, short term debt instrument issued by a corporation, typically for the financing of account receivable, inventories and meeting short term liabilities.

Accountancy

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