Which of the following is a feature of the Indian money market?
A. Dominance of long-term instruments only
B. Absence of short-term instruments
C. Presence of call money, treasury bills, commercial paper and certificates of deposit
D. No role for the Reserve Bank of India
Answer: Option C
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.
Explanation:
Keynes introduced the concept of effective demand, which is the level of aggregate demand that is equal to aggregate supply and determines the level of employment and output.
Explanation:
Producer surplus is the difference between the amount a producer is willing to accept for a good and the amount actually received (market price).
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