UPSC Civil Services 2020 Prelims General Studies Paper I

Question : 70 of 100

Marks: +1, -0

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 transaction.

4) ‘Zero-Coupon Bonds’ are the interest-bearing short-term bonds issued by the Scheduled Commercial Banks to corporations.

Which of the pairs above is/are correctly matched?

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