Q.A major player in the money market is the ______.

The major player in the money market is the Reserve Bank of India, so the correct answer is option (d).

Explanation:

• The Reserve Bank of India (RBI) is the central bank of India and the major player in the money market. It regulates the money supply, controls short-term interest rates and liquidity, and acts as the leader and controller of all money-market activity.
• (c) Central Bank is only a general term; in the Indian context the specific central bank is the RBI, so the precise answer is the RBI. …