Finance · Financial Markets
Consider the following statements regarding the Call/Notice Money market in India: Statement I: Call Money refers to the lending or borrowing of funds for 1 day, while Notice Money refers to funds borrowed/lent for a period between 2 days and 14 days. Statement II: Scheduled Commercial Banks, Co-operative Banks (excluding Land Development Banks), and Standalone Primary Dealers are eligible to participate as both lenders and borrowers in the Call/Notice money market. Statement III: Mutual Funds and Insurance Companies are permitted to operate as regular borrowers in the Call Money market to meet their redemption pressures. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2Only II and III
- 3Only I and II✓
- 4Only I
Correct answer
Only I and II
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