Financial Awareness - Risk, Stability & Emerging Finance
What is the maximum duration for which funds can be lent in the Notice Money Market in India?
What is the maximum duration for which funds can be lent in the Notice Money Market in India?
easy Q1 of 15
Step-by-Step Solution
Step 1: Understand Notice Money Market duration
Notice Money Market deals with short-term funds lent for a period longer than one day but not exceeding a certain limit.Step 2: Apply the concept
The maximum duration for Notice Money Market is 14 days, distinguishing it from Call Money Market which is for one day.Final Answer:
14 days → Option AQuick Check:
Notice Money Market maximum duration = 14 days ✅
Quick Trick: Notice Money duration caps at two weeks maximum.
Common Mistakes:
- Confusing Notice Money maximum duration with longer-term money markets.
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