UPSC Civil Services Prelims 2011
Question 5 of 53Indian Economy
Which one of the following best describes ‘call money’?
AA long-term loan raised by companies
BShort-term funds used mainly for interbank transactions
CA subsidy provided by government for agriculture
DThe amount of money held by households as cash
Correct Answer
The correct answer is hidden
Explanation
14 words hidden ... the interbank market. It is a key segment of the money market and helps banks manage very short-term liquidity ... 13 words hidden