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Question
It is used as an alternative to bank borrowing for large and creditworthy companies.
It is used as an alternative to bank borrowing for large and creditworthy companies.
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Solution
The correct option is B Commercial papers
Answer (b) Commercial papers
Explanation: Commercial Paper is a money market instrument that is unsecured. The issue of commercial paper is in the form of a promissory note. CP was presented in India in 1990 with the end goal of empowering exceptionally rated corporate borrowers to expand their sources of short-term borrowings and to give an additional instrument to financial back arts and investors.
Commercial papers
Answer (b) Commercial papers
Explanation: Commercial Paper is a money market instrument that is unsecured. The issue of commercial paper is in the form of a promissory note. CP was presented in India in 1990 with the end goal of empowering exceptionally rated corporate borrowers to expand their sources of short-term borrowings and to give an additional instrument to financial back arts and investors.
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