Civil Services TNPSC Group 1 (New Syllabus) Mock Test 2025 General Knowledge Economy Money and Banking
Consider the following statements with respect to Commercial Papers (CPs) :
1. It is a capital Market instrument
2. The issuance of commercial paper is an alternative to bank borrowing for large companies.
3. It is usually issued at a discount from face value.
Which of the statements given above are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3
5
Answer Not Known