26. What is the maximum maturity period of commercial paper in India?
a) 30 days
b) 90 days
c) 180 days
d) 365 days
Answer: d) 365 days
27. Which rate is commonly used as a benchmark for long-term interest rates in the Indian money market?
a) Repo rate
b) Reverse repo rate
c) Bank rate
d) CRR rate
Answer: c) Bank rate
28. What is the tenure of the CRR (Cash Reserve Ratio) in India?
a) 7 days
b) 14 days
c) 30 days
d) On a daily basis
Answer: d) On a daily basis
29. Which money market instrument has the highest liquidity among the following?
a) Certificate of deposit
b) Treasury bill
c) Commercial paper
d) Commercial bill
Answer: b) Treasury bill
30. Which of the following is not a money market instrument issued by the Reserve Bank of India?
a) Treasury bill
b) Certificate of deposit
c) Commercial paper
d) Call money
Answer: d) Call money
