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    Question

    Call money is valid for 

    A Only 2 days Correct Answer Incorrect Answer
    B 10 days Correct Answer Incorrect Answer
    C Between 2 - 4 days Correct Answer Incorrect Answer
    D Only 1 days Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Call money   is minimum 5% short-term  finance  repayable on demand, with a  maturity period  of one to fourteen days or overnight to fortnight. It is used for inter-bank transactions. The money that is lent for one day in this market is known as "call money" and, if it exceeds one day, is referred to as "notice money."

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