Multiple Choice Questions on Financial Institution mobilise saving on both long term and short terms Which of the following is no........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Financial Institution mobilise saving on both long term and short terms Which of the following is no...........

Economic Affairs Financial Markets
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    Financial Institution mobilise saving on both long term and short terms. Which of the following is not a long term financial instrument?

    Shares

    Incorrect Answer

    Debenture

    Incorrect Answer

    Bills of exchange

    Correct Answer

    Mutual Funds

    Incorrect Answer
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    Explanation:

    Bills of exchange is not a long term financial instrument.
    A bill of exchange is also called a draft but, while all drafts are negotiable instruments, only "to order" bills of exchange can be negotiated.

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