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Which of the following is NOT an instrument of capital market with special reference to India?

Commercial paper is a short-term money-market instrument. Equity shares and long-term debentures are capital-market securities, and a gold ETF is an exchange-traded fund…

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Which of the following is NOT an instrument of capital market with special reference to India?

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Answer and explanation

Correct answer D

Commercial paper is a short-term money-market instrument. Equity shares and long-term debentures are capital-market securities, and a gold ETF is an exchange-traded fund security available in the securities market. It does not turn commercial paper into a long-term capital-market instrument.

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  • UGC NET Economics

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