Q. Who among the following can issue a Commercial Bill (CB)?
1.All India Financial Institutions
2.Non-Banking Finance Companies
3.Mutual Funds
How many of the statements given above are correct?
Answer: C
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: Ramesh Singh
