Question

    What is the minimum denomination for issuing a

    Certificate of Deposit (CD) in India?
    A ₹1 lakh Correct Answer Incorrect Answer
    B ₹2 lakh Correct Answer Incorrect Answer
    C ₹5 lakh Correct Answer Incorrect Answer
    D ₹10 lakh Correct Answer Incorrect Answer

    Solution

    In India, Certificates of Deposit (CDs) are issued in a minimum denomination of ₹5 lakh and in multiples of ₹5 lakh thereafter. They are unsecured money market instruments issued by banks and other financial institutions to raise short-term funds.

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