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With reference to short-term instruments in India, which of the following is correct? Commercial Paper is a short-term unsecured promissory note; Certificates of Deposit are long-term instruments issued by the RBI; Call Money is used for interbank finance; Zero-Coupon Bonds are issued by Scheduled Commercial Banks.

A. 1 and 3 only
B. 4 only
C. 1, 2 and 3
D. 2, 3 and 4 only

Explanation: