2. Questions Bank
  3. UPSC
  4. Economics
  5. Business and Foreign Trade / व्यापार और विदेश व्यापार

UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Money Supply and Indian Financial System

  • question_answer
          Certificate of Deposit (CD) and Commercial Paper were introduced by a Bank in March 1989:
    1. Reserve Bank of India
    2. State Bank of India
    3. HDFC Bank
    4. ICICI Bank
    Choose the name of the Bank.

    A) 1 only                          

    B) 2 only                 

    C) 3 only                          

    D) 4 only                  

    Correct Answer: A

    Solution :

    Certificate of Deposit (CD) and Commercial Paper (CP) markets were introduced by Reserve Bank of India in March 1989 in order t0 widen the range of money market instruments and give investors greater flexibility in the deployment of their short- term surplus funds.


You need to login to perform this action.
You will be redirected in 3 sec spinner