IBPS PO 1990 — solved question paper

Q1. 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

Answer: 1990

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.