Money Market in India
Q. Which of the following is not a part of India's Money Market?- Published on 13 Feb 17a. Banks
b. Bill Markets
c. Call Money Market
d. Indian Gold Council
ANSWER: Indian Gold Council
The Money market in India is the money market for short-term and long-term funds with maturity ranging from overnight to one year in India.
The Indian money market consists of the unorganized sector : moneylenders, indigenous bankers and unregulated Non-Bank Financial Intermediaries (e.g. Finance Companies, Chit funds, Nidhi);
Organized sector : Reserve Bank of India, private banks, public sector banks, development banks and other Non-Banking Financial Companies (NBFCs) such as Life Insurance Corporation of India (LIC), the International Finance Corporation, IDBI, and the co-operative sector.
In our country, Money Markets are regulated by both RBI and SEBI.
SEBI – Securities and Exchange Board of India
Founded : 12 April, 1992
Headquarter : Mumbai, Maharashtra
Current Head : Upendra Kumar Sinha (Chairman)
