UPSC PRELIMS · ECONOMICS · FINANCIAL MARKETS — MONEY & CAPITAL MARKETS
Consider the following markets : 1. Government Bond Market 2. Call Money Market 3. Treasury Bill Market 4. Stock Market How many of the above are included in capital markets?
Take a breath. Choose one. Press A–D on your keyboard if you like.
EXPLANATION
Government bonds and Treasury bills are capital-market instruments, while the call money market is a money-market segment. Stock markets are also capital markets. Thus three are included.
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