The term Commercial Paper was recently making news with respect to the IL &FS crisis. Consider the following statements about the Commercial Paper: 1. It is an unsecured money market instrument 2. Non-Resident Indians (NRIs) and Foreign Institutional Investors (FIIs) are not allowed to invest in commercial paper Which of the above statements is/are correct? - 16981

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Q. The term Commercial Paper was recently making news with respect to the IL &FS crisis. Consider the following statements about the Commercial Paper:
1. It is an unsecured money market instrument
2. Non-Resident Indians (NRIs) and Foreign Institutional Investors (FIIs) are not allowed to invest in commercial paper
Which of the above statements is/are correct?

(A) 1 Only

(B) 2 Only

(C) Both 1 & 2

(D) Neither 1 nor 2

Correct Answer - Option(A)

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