The following are the explanation to the right answer. List-IList-IIInterbank call marketMoney MarketAn interbank call money market is a short-term money market that allows for large financial institutions to borrow and lend money at interbank rates. These call money market loans are often used to help banks meet reserve requirements. Commercial billsShort-term maturityCommercial bills are unsecured, short-term debt issued by a corporation, oftentimes for the financing of short-term liabilities and inventory. Commercial papers have a maturity date of between 15 days to 1 year. They are also issued at a discount and redeemed at par. They are highly liquid and easily transferable instruments of the money market. Commercial papersGovernment papersThe introduction of Commercial Paper in India was considered the beginning of financial reforms in India. Post liberalization the Indian government introduced many short-term instruments to tackle the various financial needs and situations of financial crisis one of which was Commercial papers. Treasury billsPromissory notesTreasury bills are money market instruments issued by the Government of India as a promissory note with guaranteed repayment at a later date. Funds collected through such tools are typically used to meet the short term requirements of the government, hence, to reduce the overall fiscal deficit of a country.