Consider the followings statements -
1. Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note.
2. Individuals, banking companies, other corporate bodies (registered or incorporated in India), and unincorporated bodies, Non- Resident Indians (NRIs) and Foreign Institutional Investors (FIIs), etc. can invest in CPs.
Which of the above statements is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2