Which of the following is a feature of the Indian money market?
A. No role for the Reserve Bank of India
B. Presence of call money, treasury bills, commercial paper and certificates of deposit
C. Dominance of long-term instruments only
D. Absence of short-term instruments
Answer: Option B
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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