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    Question

    What is the minimum tenor allowed for a NCD as per the

    Master Direction of Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity up to one year) Directions, 2024?
    A 30 days Correct Answer Incorrect Answer
    B 60 days Correct Answer Incorrect Answer
    C 90 days Correct Answer Incorrect Answer
    D 180 days Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

     The tenor of a CP shall not be less than seven days or more than one year. The tenor of an NCD shall not be less than ninety days or more than one year as per the Master Direction of Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity up to one year) Directions, 2024.

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