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With reference to the Indian economy, “Collateral Borrowing and Lending Obligations” are the instruments of:

UPSC · 2024 · Economy
Question:
With reference to the Indian economy, “Collateral Borrowing and Lending Obligations” are the instruments of:

Options

(a) Bond market
(b) Forex market
(c) Money market
(d) Stock market
Answer: (c) Money market

Explanation:
CBLO is a money market instrument facilitating collateralized lending and borrowing between entities.

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