Certificate of Deposit (CD) and Commercial Paper were introduced by a Bank in Ma

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Certificate of Deposit (CD) and Commercial Paper were introduced by a Bank in March 1989:

Reserve Bank of India
State Bank of India
HDFC Bank
ICICI Bank

Choose the name of the Bank.

Options:

A . 2 only

B . 1 only

C . 3 only

D . 4 only

Answer: Option B
Answer: (b)Certificate of Deposit (CD) and Commercial Paper (CP) markets were introduced by Reserve Bank of India in March 1989 in order to widen the range of money market instruments and give investors greater flexibility in the deployment of their shortterm surplus funds.

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