Money Market ek aisa market hai jahan financial instruments, jaise ke short-term securities aur commercial papers, trade kiye jaate hain. Iska mukhya uddeshya, chhoti aawadon ke liye sahi utpaadon ki upalabdhi ko pradaan karna hai. Is market mein, short-term financial transactions kiye jaate hain aur ismein kaafi kuchh nivesh kiya jaata hai.
Explain the principal constituents of money market and their functioning in India.
Money Market ki mahatva ko samajhne ke liye, modern arthvyavastha ke liye yeh market bahut mahatvapoorn hai. Money Market ke madhyam se, sarkar aur anya udyogik aayatanon ko sahi financing ki suvidha milti hai. Ismein, sahi interest rates ke sath short-term funds uplabdh hote hain aur isse udyog aur sarkar ko apne avashyaktaon ke liye jaroori funds uplabdh hote hain.
Bharat mein Money Market ki mukhya prakriti hai:
- Call Money Market: Yeh market bankon aur anya financial institutions ke beech mein transactions ke liye upyog kiya jaata hai. Yahan par short-term funds trade kiye jaate hain.
- Treasury Bills Market: Sarkar Treasury Bills ka upyog apni financing ke liye karti hai. Yeh short-term debt instruments hote hain aur sarkar unhein auction ke madhyam se issue karti hai.
- Commercial Paper Market: Yeh market companies aur anya niji aayatanon ke liye short-term funds uplabdh karta hai. Yahan par commercial papers trade kiye jaate hain, jo short-term unsecured debt instruments hote hain.
- Certificate of Deposit Market: Yeh market bankon aur anya financial institutions ke liye short-term funds uplabdh karta hai. Yahan par Certificate of Deposits trade kiye jaate hain, jo short-term debt instruments hote hain.
In sabhi prakar ke Money Market ke instruments ki trading ka mukhya uddeshya hai short-term funding ka pradaan karna. Inmein interest rates ka pratibimbh hota hai, jisse ki short-term funding ko regulate kiya ja sakta hai. In instruments ke madhyam se, sarkar aur anya udyogik aayatanon ko unke avashyaktaon ke anusar short-term funds uplabdh karane ki suvidha pradaan ki jaati hai.