Question

Which of the following are not allowed to participate in call money market?

i. Regional Rural Banks

ii. Development Financial Institutions

iii. Co-operative Banks

iv. Authorised Dealers

A Only i Correct Answer Incorrect Answer
B Only i and ii Correct Answer Incorrect Answer
C Only i and iv Correct Answer Incorrect Answer
D Only ii and iii Correct Answer Incorrect Answer
E All of the above Correct Answer Incorrect Answer

Solution

Scheduled Commercial Banks, Development Financial Institutions (DFI), Co-operative Banks (other than Land Development Bank) and Primary Dealers (PDs) are allowed to participate in call money market. Authorised dealers deal in foreign exchange.

Relevant for Exams:

×
×