Which of the following is not a part of India's Money Market?

 a. Banks

b. Bill Markets

c. Call Money Market

d. Indian Gold Council

ANSWER: Indian Gold Council

Explanation:

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)