Financial Awareness - Risk, Stability & Emerging Finance
Notice Money Market in India deals with funds lent for a period ranging from:
Notice Money Market in India deals with funds lent for a period ranging from:
easy Q12 of 15
Step-by-Step Solution
Step 1: Understand the definition
Notice Money Market involves short-term funds lent with prior notice.Step 2: Apply the concept
The duration for Notice Money Market is from 2 to 14 days, differentiating it from Call Money Market.Final Answer:
2 to 14 days → Option CQuick Check:
Notice Money Market duration = 2 to 14 days ✅
Quick Trick: "Notice" implies prior intimation before lending.
Common Mistakes:
- Mixing Notice Money duration with Call Money duration.
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