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With respect to the Certificates of Deposit (CDs), consider the following statements:
1. The Certificates of Deposit (CDs) can be issued by the Scheduled Commercial Banks; the Regional Rural Banks; and the Small Finance Banks.
2. Unlike Fixed Deposits, the CDs are tradeable.
3. Loans can be availed against the security of the CDs.
Which of the statements given above are correct?
- a)1 and 2 only
- b)2 and 3 only
- c)1 and 3 only
- d)1, 2 and 3
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
With respect to the Certificates of Deposit (CDs), consider the follow...
The Certificates of Deposit (CDs) are Negotiable Money Market Instruments, introduced in June, 1989.
Eligible issuers: The CDs can be issued by the Scheduled Commercial Banks; the RRBs (The Regional Rural Banks); the SFBs (The Small Finance Banks (SFBs); and All India Financial Institutions (AIFIs).
Maturity period: The banks can issue the CDs with maturity period of not less than 7 days and not more than one year, from the date of issue. The banks are not permitted to grant loans against the CDs. However, the Reserve Bank of India (RBI) may relax this restriction through a separate notification. While the deposits kept with the banks are not ordinarily tradable, when such deposits are mobilised by a bank by the issue of a CD, then such deposits get securitised and, therefore, become tradable. Thus, the CDs represent essentially securitised and tradable term deposits.
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With respect to the Certificates of Deposit (CDs), consider the following statements:1. The Certificates of Deposit (CDs) can be issued by the Scheduled Commercial Banks; the Regional Rural Banks; and the Small Finance Banks.2. Unlike Fixed Deposits, the CDs are tradeable.3. Loans can be availed against the security of the CDs.Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?
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With respect to the Certificates of Deposit (CDs), consider the following statements:1. The Certificates of Deposit (CDs) can be issued by the Scheduled Commercial Banks; the Regional Rural Banks; and the Small Finance Banks.2. Unlike Fixed Deposits, the CDs are tradeable.3. Loans can be availed against the security of the CDs.Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. 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 With respect to the Certificates of Deposit (CDs), consider the following statements:1. The Certificates of Deposit (CDs) can be issued by the Scheduled Commercial Banks; the Regional Rural Banks; and the Small Finance Banks.2. Unlike Fixed Deposits, the CDs are tradeable.3. Loans can be availed against the security of the CDs.Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With respect to the Certificates of Deposit (CDs), consider the following statements:1. The Certificates of Deposit (CDs) can be issued by the Scheduled Commercial Banks; the Regional Rural Banks; and the Small Finance Banks.2. Unlike Fixed Deposits, the CDs are tradeable.3. Loans can be availed against the security of the CDs.Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.
With respect to the Certificates of Deposit (CDs), consider the following statements:1. The Certificates of Deposit (CDs) can be issued by the Scheduled Commercial Banks; the Regional Rural Banks; and the Small Finance Banks.2. Unlike Fixed Deposits, the CDs are tradeable.3. Loans can be availed against the security of the CDs.Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. 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 With respect to the Certificates of Deposit (CDs), consider the following statements:1. The Certificates of Deposit (CDs) can be issued by the Scheduled Commercial Banks; the Regional Rural Banks; and the Small Finance Banks.2. Unlike Fixed Deposits, the CDs are tradeable.3. Loans can be availed against the security of the CDs.Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With respect to the Certificates of Deposit (CDs), consider the following statements:1. The Certificates of Deposit (CDs) can be issued by the Scheduled Commercial Banks; the Regional Rural Banks; and the Small Finance Banks.2. Unlike Fixed Deposits, the CDs are tradeable.3. Loans can be availed against the security of the CDs.Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.
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