Question : Which of the following statement is incorrect?
 

Option 1: Certificate of deposit issued against the deposits kept by companies and institutions. 
 

Option 2: Commercial bill  is short term borrowing instrument issued by RBI.
 

Option 3: Call money is a short term finance generally used by banks to maintain cash reserve ratio
 

Option 4: None of the above

Question : Statement 1: Commercial paper is a type of long-term debt instrument.

Statement 2: Commercial paper is used by companies to raise short-term funds.

Option 1: Statement 1 is true, and statement 2 is true.
  

Option 2: Statement 1 is true, but statement 2 is false.
 

Option 3: Statement 1 is false, and statement 2 is true.

Option 4: Statement 1 is false, and statement 2 is false.

Question : Statement 1: Commercial paper is a type of long-term debt instrument.

Statement 2: Commercial paper is used by companies to raise short-term funds.

Option 1: Statement 1 is true, and statement 2 is true.
  

Option 2: Statement 1 is true, but statement 2 is false.
 

Option 3: Statement 1 is false, and statement 2 is true.

Option 4: Statement 1 is false, and statement 2 is false.

Question : Statement 1: Commercial paper is a type of long-term debt instrument.

Statement 2: Commercial paper is used by companies to raise short-term funds.

Option 1: Statement 1 is true, and statement 2 is true.
  

Option 2: Statement 1 is true, but statement 2 is false.
 

Option 3: Statement 1 is false, and statement 2 is true.

Option 4: Statement 1 is false, and statement 2 is false.

Question : Which of the following statement is incorrect?
 

Option 1: Commercial bill is a self liquidating instrument

Option 2: Commercial bill is used for long term finance

Option 3: Commercial bill is used to finance the credit sale of firms

Option 4: None of the above