Under the Reserve Bank of India's commercial-paper Directions, 2024, a commercial paper can be issued…
The permitted maturity runs from seven days to one year from issue. The commercial-paper directions prescribe both limits, so fifteen, thirty and sixty days are not the…
Choose your answer
Under the Reserve Bank of India's commercial-paper Directions, 2024, a commercial paper can be issued for maturities between a minimum of __________ days and a maximum up to __________ year from the date of issue.
Answer and explanation
Correct answer A
The permitted maturity runs from seven days to one year from issue. The commercial-paper directions prescribe both limits, so fifteen, thirty and sixty days are not the minimum permitted tenor.
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Gujarat SET (GSET)