The maturity period of a commercial paper usually ranges from

(a) 20 to 40 days

(b) 60 to 90 days

(c) 120 to 365 days

(d) 90 to 364 days

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Solution

Commercial paper is a credit instrument used by creditworthy firms to obtain short-term finance for their business. The maturity period of the instrument ranges from 90 to 364 days. The issue of commercial paper in India is regulated by the Reserve Bank of India.

Hence, the correct answer is option (d).

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100 perons had food provision for 24 days. If 20 persons left the place, the provision will last for
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The maturity period of a commercial paper usually ranges from (a) 20 to 40 days (b) 60 to 90 days (c) 120 to 365 days (d) 90 to 364 days

The maturity period of a commercial paper usually ranges from

(a) 20 to 40 days

(b) 60 to 90 days

(c) 120 to 365 days

(d) 90 to 364 days