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Which of the following is not a feature of the Indian call money market?

1. The call money market is a highly sensitive and competitive market
2. Mainly banks participate in the call money market
3. The call money market provides the institutional arrangement for making the temporary surplus of some banks available to other banks that are temporarily short of funds
4. The rate of interest in the call money market is highly stable

Correct answer: The rate of interest in the call money market is highly stable

Solution

The call money market is highly sensitive to liquidity and interest rates are not stable. Therefore, the statement claiming the rate is highly stable is not a feature.

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