Commercial paper is a __________ issued by __________ interest rate of which is linked to __________.

CS Executive · Financial and Strategic Management · PYQS · December 2023
Commercial paper is a __________ issued by __________ interest rate of which is linked to __________.
(A) Debenture, Corporates, 1 Yr Gov. Securities Yield
(B) Promissory Note, Corporates, 1 Yr Gov. Securities Yield
(C) Promissory Note, Banks, 1 Yr Gov. Securities Yield
(D) Promissory Note, Banks, RBI Repo Rate

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Financial Management

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