BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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National savings certificates
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Infrastructure bonds
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Mutual funds
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Letter of credit
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Detailed explanation-1: -Which of the following financial products are not much popular in India as they have been launched only recently? A) Development bonds.
Detailed explanation-2: -The money market is composed of several types of securities including short-term Treasuries (e.g. T-bills), certificates of deposit (CDs), commercial paper, repurchase agreements (repos), and money market mutual funds that invest in these instruments.
Detailed explanation-3: -The financial market in India at present is more advanced than many other sectors as it became organized as early as the 19th century with the securities exchanges in Mumbai, Ahmedabad and Kolkata. In the early 1960s, the number of securities exchanges in India became eight-including Mumbai, Ahmedabad and Kolkata.