Question : Which money market instrument is highlighted in the given statement? Statement: It is issued by the schedule commercial banks and The Financial institutions like IDBI IFSC ICICI and exim Bank.
Option 1: Treasury bill
Option 2: Call money
Option 3: Certificate of deposits
Option 4: Commercial bill
Correct Answer: Certificate of deposits
Solution : Certificate of depositis in negotiable instrument which can be transferred after a certain period by an endorsement. It is issued by the schedule commercial banks and The Financial institutions like IDBI, IFSC, ICICI, and exim Bank.
Hence, option C is correct.
Question : Which money market instrument is highlighted in the given statement? Statement: The changes in CRR affects the amount of funds available to be given as loans by commercial banks.
Question : Which money market instrument is highlighted in the given statement? Statement: If the seller needs money before the due date he can get it discounted from the bank.
Question : It is an instrument of short term borrowings issued by Reserve Bank of India on behalf of Indian government. Which money market instrument is highlighted in the given statement?
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