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UPSC PYQPrelims 2023

Civil Services Examination · Question 25

Consider the following markets: 1. Government Bond Market 2. Call Money Market 3. Treasury Bill Market 4. Stock Market How many of the above are included in capital markets?

  1. Only one
  2. Only two
  3. Only three
  4. All four
Show answer & explanation

Answer: (B) Only two

Explanation

Government bonds and stocks are long-term capital market instruments; call money and T-bills belong to the money market.