Economics · Banking and Finance
What is the primary objective of introducing Money Market Mutual Funds (MMMFs) in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To provide short-term institutional credit exclusively to rural sectors
- 2To act as the sole regulator for trading government securities
- 3To provide individual investors an opportunity to participate in the money market✓
- 4To meet the long-term capital requirements of commercial banks
Correct answer
To provide individual investors an opportunity to participate in the money market
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