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Nachiket posted an Question
July 21, 2020 • 18:47 pm 30 points
  • UGC NET
  • Commerce

Which among the following is/are correct regarding call money? (1) (2) (3) (4) 60. it is the money lent/borrowed for maximum period of 14 days no collateral is

Which among the following is/are correct regarding call money? (1) (2) (3) (4) 60. It is the money lent/borrowed for maximum period of 14 days No collateral is required in call money transaction It is the money lent/borrowed for a maximum period of 30 days Banks borrow primarily from the interbank call money market (1). (2) and (4) (2), (3) and (4) (A) (C) (B) (D) (1). (2) and (3) All are correct ACNOrV

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  • Nachiket Gharat

    Call Money is the borrowing or lending of funds for 1day. If money is borrowed or lend for period between 2 days and 14 days it is known as Notice Money. 

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    Ronak kumari upadhyay

    Call money is minimum 5% short-term finance repayable on demand, with a maturity period of one to fourteen days or overnight to a fortnight. It is used for inter-bank transactions. The money that is lent for one day in this market is known as "call money" and, if it exceeds one day, is referred to as "notice money." [

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    Ronak kumari upadhyay

    the answer is 'A' as for call money max period is 2-14 days

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    Ronak kumari upadhyay

    The answer is 'A'

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    option 3 is incorrect..rest of all are correct

    eduncle-logo-app

    Nachiket hopefully is it clear to you and you have a b'ful name.

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