What is sold and purchased during Open Market Operations by RBI?
1. Government Securities
2. Commercial Papers
3. Certificates of Deposits
Choose the correct option from the codes given below:
Commercial paper is a money-market security issued (sold) by large corporations to obtain funds to meet short-term debt obligations.
A certificate of deposit is issued by a bank to a person depositing money for a specified length of time at a specified rate of interest.
This question is a part of GKToday's Integrated IAS General Studies Module