UPSC Civil Services Prelims 2014
Question 9 of 53Indian Economy
Which one of the following is the most appropriate description of ‘Call Money’?
ALong-term finance for infrastructure projects
BShort-term finance used mainly for interbank transactions
CA subsidy given to rural borrowers
DA security issued by companies for more than ten years
Correct Answer
The correct answer is hidden
Explanation
21 words hidden ... segment of the money market and helps banks manage short-term liquidity requirements. It is not long-term project ... 19 words hidden