Which of the following is a feature of the Indian money market?
A. No role for the Reserve Bank of India
B. Dominance of long-term instruments only
C. Absence of short-term instruments
D. Presence of call money, treasury bills, commercial paper and certificates of deposit
Answer: Option D
Solution (By JKSSB Mock Tests)
The Indian money market comprises various short-term instruments including the call/notice money market, treasury bills, commercial paper, certificates of deposit and collateralised instruments.
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