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UPSC Prelims 2024 Paper-I 📅 16 Jun, 2024

With reference to the Indian economy, Collateral Borrowing and Lending Obligations are the instruments of:

A
Bond market
B
Forex market
C
Money market
D
Stock market
Result Summary
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UPSC Prelims
2024 • 16 Jun, 2024 • Paper-I
With reference to the Indian economy, Collateral Borrowing and Lending Obligations are the instruments of:
Correct Answer
Money market
Economy: Financial Markets.Instrument: Collateralized Borrowing and Lending Obligation (CBLO).Details: A CBLO is a critical short-term money market instrument m......
Ref/Book : UPSC Prelims 2024
Ref. Subject Economy
Chapter -
Ref. Topic Financial Markets
Pg. No -
💡 Analysis & Explanation
Economy ▼
Financial Markets.
Instrument ▼
Collateralized Borrowing and Lending Obligation (CBLO).
Details ▼
A CBLO is a critical short-term money market instrument managed by the Clearing Corporation of India. It allows financial institutions like banks and mutual funds to borrow or lend ultra-short-term cash, fully backed by liquid government securities as safe collateral.
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