UPSC Prelims GS - 2020

Question 80
MEDIUM
Correct:
+2
Incorrect:
-2

With reference to the Indian economy, consider the following statements:
1. 'Commercial Paper' is a short-term unsecured promissory note.
2. 'Certificate of Deposit' is a long-term instrument issued by the Reserve Bank of India to a corporation.
3. 'Call Money' is a short-term finance used for interbank transactions.
4. 'Zero-Coupon Bonds are the interest bearing shortterm bond issued by the Scheduled Commercial Banks to corporations.
Which of the statements given above is/are correct?

    a
    1 and 2 only
    b
    4 only
    c
    1 and 3 only
    d
    2, 3 and 4 only