Which among the following is a money market instrument of shortest tenure?

Answer: [B] Call money

The call money is the short-term money market instrument where money is borrowed or lent on demand for a day. It is also known as overnight money market instrument.  Intervening holidays and/or Sunday are excluded for this purpose. Thus, it is money borrowed on a day and repaid on the next working day (irrespective of the number of intervening holidays).

This question is a part of GKToday's Integrated IAS General Studies Module