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. …

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.

…