Question 13 of 18
Q.A major player in the money market is the ______.
(a) State Bank of India
(b) Commercial Bank
(c) Central Bank
(d) Reserve Bank of India
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2023MCQ· 1mImportance★★★★★
72% · 13/18 Questions
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Start your 14-day free trial to unlock the full solution →The correct answer is (d) Reserve Bank of India, because as the central bank it is the leading and controlling participant in the money market.
The money market is the market for short-term funds where instruments maturing within one year are traded. As explained in the TN HSC Commerce Money Market chapter, several institutions participate, but the most important is the central bank.
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