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?
A1 and 2 only
B4 only
C1 and 3 only
D2, 3 and 4 only
Answer & Solution
Correct answer: C. 1 and 3 only
UPSC CSE Prelims 2020 (GS-I, Set A), Q.70. Official answer key: C.
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