BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a part of India’s Money Market?
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Money Lenders
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Indian Gold Council
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Bill Markets
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Banks
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Explanation:
Detailed explanation-1: -Mutual Funds is not a part of Money Market.
Detailed explanation-2: -Indian Gold Council is not a part of India’s Money Market. The Money market in India is the money market for short-term and long-term funds with maturity ranging from overnight to one year in India including financial instruments that are deemed to be close substitutes of money.
Detailed explanation-3: -The organized sector of the money market in India consists of the Reserve Bank of India, and commercial banks, and the companies lending money.
Detailed explanation-4: -Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
There is 1 question to complete.