Question : Which of the following statement is incorrect?
Option 1: Commercial paper is a negotiable instrument
Option 2: Commercial paper is also known as Zero coupon bonds.
Option 3: Commercial paper helps to satisfy short term requirements of funds.
Option 4: None of the above
Answer (1)
24th Jan, 2024
Correct Answer: Commercial paper is also known as Zero coupon bonds.
Solution : A treasury bill is an instrument of short term borrowing issued by the Reserve Bank of India behalf of Indian government.Treasury bill is known as zero coupon bonds.
Hence, option B is correct.
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