Which of the following is NOT a component of the money market in India?
A. Equity shares
B. Certificate of Deposit
C. Treasury Bills
D. Commercial Paper
Answer: Option A
Solution (By JKSSB Mock Tests)
Equity shares are long-term instruments and form part of the capital market. Money market instruments include Treasury Bills, Commercial Paper, Certificates of Deposit and call money.
Explanation:
Bounded rationality recognises that human decision-makers face cognitive limitations and incomplete information, so they typically seek satisfactory rather than optimal solutions.
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