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

With reference to the Indian economy, "Collateral Borrowing and Lending Obligations" are the instruments of:
  1. Bond market
  2. Forex market
  3. Money market
  4. Stock market

Solution

Collateralised Borrowing and Lending Obligation (CBLO) is a short-term money-market instrument (operated by CCIL) used by participants for borrowing/lending against collateral of approved securities — typically with tenors from overnight up to one year.

Asked in: UPSC Prelims 2024

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