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Consider the following statements with respect to Commercial Paper:
1. Commercial paper is an secured and short-term debt instrument
2. Commercial paper is usually issued at a discount from face value and reflects prevailing market interest rates
Which of the following below given codes are correct?
  • a)
    1 only 
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Consider the following statements with respect to Commercial Paper:1. ...
Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities. Maturities on commercial paper rarely range longer than 270 days. Commercial paper is usually issued at a discount from face value and reflects prevailing market interest rates.
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Consider the following statements with respect to Commercial Paper:1. Commercial paper is an secured and short-term debt instrument2. Commercial paper is usually issued at a discount from face value and reflects prevailing market interest ratesWhich of the following below given codes are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements with respect to Commercial Paper:1. Commercial paper is an secured and short-term debt instrument2. Commercial paper is usually issued at a discount from face value and reflects prevailing market interest ratesWhich of the following below given codes are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with respect to Commercial Paper:1. Commercial paper is an secured and short-term debt instrument2. Commercial paper is usually issued at a discount from face value and reflects prevailing market interest ratesWhich of the following below given codes are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with respect to Commercial Paper:1. Commercial paper is an secured and short-term debt instrument2. Commercial paper is usually issued at a discount from face value and reflects prevailing market interest ratesWhich of the following below given codes are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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