state gov BPSC Assistant Revenue & Accounts Officer Test Series 2025 Banking and Financial Institutions Types of banks Commercial Banks
Which of the following statements is correct regarding the commercial paper?
I. It is unsecured money market instrument issued in the form of a promissory note.
II. It was introduced in India in 1990.
III. They are issued by the Reserve Bank of India.
1
Only I
2
I, II and III
3
I and II
4
Only III