general knowledge 58

Test # 58
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1. Consider the following statements about Commercial Paper (CP) used in India:
1. It is an unsecured money market instrument issued in the form of a promissory note.
2. CP can be issued for maturities between a minimum of 7 days and a maximum of up to one year from the date of issue.
Which of the above statement(s) is/are correct?

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