Which of the following is NOT a component of the capital market?
A. Insurance companies
B. Call money market
C. Mutual funds
D. Stock exchanges
Answer: Option B
Solution (By JKSSB Mock Tests)
Call money market is a part of the money market (short-term). Capital market deals with long-term funds and includes stock exchanges, mutual funds and insurance companies.
Explanation:
India's foreign exchange reserves consist of foreign currency assets, gold, Special Drawing Rights and the reserve tranche position in the IMF.
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