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    Question

    Which of the following statements is correct regarding the RBI’s Master Direction on KYC for CPs and NCDs?

    A CPs and NCDs can be issued in physical form Correct Answer Incorrect Answer
    B The minimum denomination of CPs is ₹1 lakh Correct Answer Incorrect Answer
    C CPs and NCDs cannot be underwritten or co-accepted Correct Answer Incorrect Answer
    D CPs have a tenor of up to 5 years Correct Answer Incorrect Answer
    E NCDs can have call/put options Correct Answer Incorrect Answer

    Solution

    According to the "Master Direction on KYC for CPs and NCDs," CPs and NCDs cannot be underwritten or co-accepted.  

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