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The term Commercial Paper was recently making news with respect to the IL &FS crisis. Consider the following statements about the Commercial Paper: 1. It is an unsecured money market instrument 2. Non-Resident Indians (NRIs) and Foreign Institutional Investors (FIIs) are not allowed to invest in commercial paper Which of the above statements is/are correct?

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Economic MCQ: The term Commercial Paper was recently making news with respect to the IL &FS crisis. Consider the following statements about the Commercial Paper: 1. It is an unsecured money market instrument 2. Non-Resident Indians (NRIs) and Foreign Institutional Investors (FIIs) are not allowed to invest in commercial paper Which of the above statements is/are correct? | Extra Education