alleryWhich is a major participant in the money market?
AComptroller General
BReserve Bank of India
CRegistrar of Companies
DElection Commission
Answer & Solution
Correct answer: B. Reserve Bank of India
1. Commercial banks and mutual funds also take part.
2. State governments and large firms join in.
3. The central bank is a major participant.
_Source: syllabus Business Studies Part II, Chapter 10, Financial Markets._
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