GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2
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5
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9
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10
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Detailed explanation-1: -No limitation on the commercial paper market apart from the least size of the note. However, the size of one issue and each lot should not be less than Rs. 1 crore and Rs. 5 lakhs respectively.
Detailed explanation-2: -Commercial Paper can be issued for maturities between a minimum of 7 days and a maximum of up to one year from the date of issue. Commercial Paper can be issued in denominations of Rs. 5 lac or multiples thereof.
Detailed explanation-3: -(a) The minimum size of the issue of commercial paper shall not be less than Rs. 10 million. (b) The commercial paper, in case of private placement, may be denominated in Rs. 100, 000 (face value) or in multiples thereof and in case of offer to general public, may be denominated in Rs.