Question

Ganesh steel ltd is a large and creditworthy company that manufactures steel for the Indian market .it now wants to Cater to the Asian market and decides to invest in New hi-tech machines.since the investment is large it requires long term finance .it decides to raise funds by issuing equity share .the issue of share involve huge flotation Costs.to meet the expense of flotation cost the company decided to tap money market . Name and explain the money market instrument the company can use for the above para

Answer 1

3. Selection

Selection error is the sampling error for a sample selected by a nonprobability method

Answer 2

(a) Commercial Paper

It is an instrument issued by large and credit worthy companies to raise short-term funds at lower rates of interest than market rates. It is an unsecured, negotiable promissory note with a fixed maturity period.

(b) 15 days to one year.

(c) It can also be used for seasonal and working capital needs.

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