GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Banks
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Bill Markets
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Call Money Market
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Indian Gold Council
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Detailed explanation-1: -Mutual Funds is not a part of Money Market.
Detailed explanation-2: -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-3: -It is in charge of the country’s currency and gold reserves. The foreign exchange rate reflects the demand for and supply of foreign exchange resulting from trade and capital transactions on any given day. RBI works as a regulator of the money market. It also regulates the Financial Markets Department (FMD).
Detailed explanation-4: -Treasury bills, repurchase agreement and commercial paper all are short term investments and have a maturity level of less than one year. Hence, shares and bonds having maturity of more than one year are not considered as money market instrument.