Question

I n the Indian money market, _____ ( i ) is an instrument that provides short-term liquidity to the banking system, whereas _____ ( ii) are unsecured, short-term promissory notes issued by large corporations. The _____ ( iii) is an overnight borrowing and lending instrument used between banks and RBI to manage liquidity.   Choose the correct set of words for ( i ), (ii), and (iii) from the options below:  

A Call Money, Commercial Papers, Repo Rate
B Treasury Bills, Certificate of Deposit, Reverse Repo Rate
C Call Money, Certificate of Deposit, Treasury Bills
D Treasury Bills, Commercial Papers, Call Money
E Commercial Papers, Call Money, Repo Rate
Practice Next

Hey! Ask a query