Which of the following cannot issue a Commercial Bill CB ........

Economic Affairs Financial Markets

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Which of the following cannot issue a Commercial Bill (CB)?

NBFC's

Scheduled Commercial Banks

Cooperative Banks

None of the above

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Explanation:

Commercial Bill (CB): Organized in 1990, a CB is issued by the All India Financial Institutions (AIFIs), Non-Banking Finance Companies (NBFCs), Scheduled Commercial Banks, Merchant Banks, Co-operative Banks and the Mutual Funds. It replaced the old Bill Market available since 1952 in the country. Hence option 4th is correct.