Which one of the following is not a part of organised money market?

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UP TGT Commerce 2019 Official Paper
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  1. Central Bank
  2. Commercial Banks
  3. Indigenous bankers
  4. Regional Rural Banks

Answer (Detailed Solution Below)

Option 3 : Indigenous bankers
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Detailed Solution

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The correct answer is: indigenous bankers.

Key Points

  • A segment of the financial market where financial instruments with high liquidity and short maturities are exchanged is referred to as the "money market."
  • The money market has developed into a segment of the financial market for the buying and selling of assets with short maturities, such as treasury bills and commercial papers, of one year or less.

Important PointsIndigenous Bankers:

  • The Indigenous banking system is a system of banking that involves private firms or individuals who act as banks by providing financial services such as loans and accepting deposits.
  • The indigenous banking system is made up of indigenous bankers who do not fall under the purview of the government.

Hence, the indigenous bankers are part of the unorganized money market.

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