GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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USA Money Market
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Indian Money Market
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Japan Money Market
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All of the above
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Detailed explanation-1: -Call money, notice money, and term money markets are sub-markets of the Indian money market. These markets provide funds for very short-term. Lending and borrowing from the call money market for 1 day. Whereas lending and borrowing of funds from notice money market are for 2 to 14 days.
Detailed explanation-2: -The call money is the most important segment of the Indian financial system. Call money allows banks to earn interest, known as the call loan rate, on their surplus funds. It consists of overnight money and money at short notice for a period of upto 14 days.
Detailed explanation-3: -The call money market is the most liquid of all short-term money market segments, with a maturity period of one day. The tenure of call money loan ranges from one day to fourteen days after the disbursement of the amount is made by the lending institution.