Match the items of List-I with the items of List-II: List-IList-II (a) Interbank call market (i) Money…
The interbank call market deals in funds with very short maturities. Commercial bills are money-market instruments, commercial paper takes the form of an unsecured…
Choose your answer
Match the items of List-I with the items of List-II:
| List-I | List-II |
|---|---|
| (a) Interbank call market | (i) Money market |
| (b) Commercial Bills | (ii) Promissory Note |
| (c) Commercial Paper Market | (iii) Short-term maturity |
| (d) Treasury Bill | (iv) Government papers |
Answer and explanation
Correct answer C
The interbank call market deals in funds with very short maturities. Commercial bills are money-market instruments, commercial paper takes the form of an unsecured promissory note, and Treasury bills are government securities. These characteristics give the matching of short-term maturity, money market, promissory note and government papers respectively.
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West Bengal SET (WB SET)