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Commercial Paper (CP) is an unsecured market instrument issued in the form of a promissory note. In which year was Commercial Paper introduced in India?

1. 1975
2. 1996
3. 1990
4. 1984

Correct answer: 1990

Solution

Commercial Paper was introduced in India in 1990. It is a short-term unsecured money market instrument issued by companies to meet working capital requirements.

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