Civil Services UPPSC RO ARO 2024-25 Mock Tests Series General Knowledge Economy National Income Accounting
'Commercial Paper' is best described by which of the following statements?
1
Government bonds with a maturity of less than a year.
2
Unsecured short-term money market instrument issued by corporates and financial institutions.
3
Saving certificate given by commercial banks against a deposit.
4
long-term loan whereby the seller of a security agrees to buy it back at a specified price and time.