Question Bank - Accountancy

Here's the question bank on all the accountancy topics.

Which of the following statements are the defects of Indian Money Market?(A) Profitable Investment(B) Dichotomy in Indian Money Market(C) Financing Industry(D) Diversity in interest ratesChoose the correct answer from the options given below:

A.
A, B and C only
B.
B and C only
C.
A, B and D only
D.
B and D only

Solution:

The correct answer is option 4. Important PointsFollowing are the defects of the Indian money market:Dichotomy between Organised and Unorganised SectorsPredominance of Unorganised SectorWasteful CompetitionAbsence of All-India Money MarketInadequate Banking FacilitiesShortage of CapitalSeasonal Shortage of FundsDiversity of Interest RatesAbsence of Bill MarketTherefore, the correct answer is B and D only.

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