Q. Which among the following is/are classified as near money?

1. T-bills
2. Equity Shares of a company
3. Bill of Exchange
4. Debentures

Select the correct option from the codes given below:
Answer: 1, 2, 3 & 4
Notes: Near money refers to financial assets that are not cash but can be quickly converted into cash with minimal loss of value. T-bills, equity shares, bills of exchange, and debentures are all highly liquid instruments considered as near money, as they can be readily monetized, though they are not used as a medium of exchange themselves.