Q. Which of the following institution/s is/are issue/s the commercial bill?
1.All India Financial Institutions
2.Non-Banking Finance Companies
3.Scheduled Commercial Banks
Choose the correct answer from below given codes:
Answer: D
Notes:
Explanation: Commercial Bill (CB): Organized in 1990, a CB is issued by the All India Financial Institutions (AIFIs), Non-Banking Finance Companies (NBFCs), Scheduled Commercial Banks, Merchant Banks, Co-operative Banks and the Mutual Funds. It replaced the old Bill Market available since 1952 in the country.
Source: TMH Ramesh Singh
