12.
In the Money market which of the following statement's is/are incorrect?
1. The call money market deals in short-term finance repayable on demand, with a maturity period varying from one day to 14 days.
2. Treasury bills are instruments of short-term borrowing by the Government of India, issued as promissory notes under discount.
3. A reduction in the repo rate helps banks to get money at a cheaper rate.
4. Money market mutual funds invest money in specifically, high-quality and very short maturity based money market instruments.

13.
The Securities and Exchange Board of India was not entrusted with the function of

15.
Banks in India are required to maintain a portion of their demand and time liabilities with the RBI but no interest is paid on that amount. This portion is called: