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?
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?
✅ Correct Answer: (A)
1 Only
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