Which of the following can issue commercial paper for raising short term funds? A. Corporates B. Primary Dealers C. All-India Financial Institutions D. Both (B) and (C) E. All of the Above
E. All of the Above Explanation: A Commercial Paper (CP) is an unsecured money market instrument issued as a promissory note. It is a short-term funding tool that highly rated companies, primary dealers (PDs), and all-India financial institutions (AIFIs) can use, typically to meet shortterm funding and working capital requirements.