Q.Distinguish between money market and capital market on the basis of

Money market and capital market differ on several counts, but maturity, purpose, and regulator are the three most commonly tested points of distinction. …

1. Maturity of instruments: Money-market instruments (T-Bills, CP, CD, call money, commercial bills) have a maturity of up to one year. Capital-market instruments (equity shares, debentures, bonds) are medium- to long-term, or, in the case of equity shares, have no fixed maturity at all.
2. Purpose of funds raised: Funds raised in the money market are used to meet short-term working-capital needs — day-to-day liquidity, bridging temporary cash-flow gaps. Funds raised in the capital market are used to meet long-term fixed-capital needs — setting up new plant and machinery, or funding business expansion. …

Assuming a single regulator (either RBI or SEBI) covers both markets fully — while there is some overlap where money-market instruments are also traded on exchanges, the …