UPSC Civil Services Prelims 2012
Question 15 of 66Indian Economy
Which one of the following best describes ‘capital market’?
AA market for daily labour
BA market for long-term funds and securities
CA market for agricultural commodities
DA market for only foreign exchange transactions
Correct Answer
The correct answer is hidden
Explanation
26 words hidden ... primarily with short-term borrowing and lending. Capital markets mobilize savings for productive long-term investment ... 21 words hidden