Question : Which of the following statement is incorrect?
Option 1: Money market instruments are highly liquid
Option 2: Money market instruments are less risky
Option 3: Money market instruments are cheaper
Option 4: None of the above
Correct Answer: Money market instruments are cheaper
Solution : Instruments of money market are quite expensive. Major participants of money market are reserve Bank of India,commercial banks, state governments,etc.
Hence, option C is correct.