Consider the following:

  1. Certificate of deposit
  2. Foreign exchange
  3. Real estate

Which of the above is/are example(s) of near money?

Answer: [B] 1 and 2 Only

Real state is  not a near money.Near money is defined the instruments with high liquidity in the market i.e they can be easily convertible into actual money within short interval of time without much loss.

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