Consider the following statements regarding Financial Markets:
1. Treasury Bills are promissory notes issued by the RBI on behalf of the government
2. Commercial bills are drawn by one business firm to another in lieu of credit transactions
3. Commercial Paper is also called Trade Bills or Bills of Exchange.
Which of the above statements is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3