Financial Markets
Economic & Social Development · PYQ 2020
With reference to the Indian economy, consider the following statements:
1.'Commercial Paper' is a short-term unsecured promissory note.
2.'Certificate of Deposit' is a long-term instrument issued by the Reserve Bank of India to a corporation.
3.'Call Money' is a short-term finance used for interbank transactions.
4.'Zero-Coupon Bonds' are the interest bearing short-term bonds issued by the Scheduled Commercial Banks to corporations.
Which of the statements given above is/are correct?