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    Question

    As per the RBI’s revised instructions on Commercial

    Papers (CPs), what is the maximum tenor allowed for a CP?
    A 30 days Correct Answer Incorrect Answer
    B 60 days Correct Answer Incorrect Answer
    C 1 year Correct Answer Incorrect Answer
    D 90 days Correct Answer Incorrect Answer
    E 180 days Correct Answer Incorrect Answer

    Solution

    The circular "Master Direction – Reserve Bank of India (Commercial Paper and Non-Convertible Debentures)" states that the maximum tenor for CPs is one year.

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