Money Market Instruments · Capital Market · Stock Exchanges · SEBI · Insurance — BPSC / BSSC
Deals in short-term financial instruments (maturity up to 1 year).
| Type | Maturity |
|---|---|
| Call Money | 1 day |
| Notice Money | 2 to 14 days |
| Term Money | 15 to 365 days |
| Instrument | Key Facts |
|---|---|
| Commercial Bill | Initiated 1990; Maturity: 30, 60, 90 days; Used by All India Financial Institutions, Scheduled Commercial Banks, NBFCs |
| Commercial Paper | Issued as a promissory note; Initiated 1990; Minimum ₹5 lakh (multiples of ₹5 lakh); Maturity: 15 days to 1 year; Issued by companies listed in capital market (min. paid-up capital ₹4 crore) |
| Certificate of Deposit (CD) | First in New York (1960s); Initiated by RBI in 1989; Issued in multiples of ₹1 lakh (since 2021); Maturity: 7 days to 1 year; Issued by Commercial Banks, RRBs, Small Finance Banks |
| Treasury Bill (TB) | Promissory note issued by RBI; highly liquid; issued below face value; Minimum Investment: ₹25,000 (multiples of ₹25,000); Types: 91-day, 182-day, 364-day; 14 & 28-day TBs issued in 1997–98 |
Sensex is the most prominent index to express trends and direction of the market.
India's largest and most technologically advanced stock exchange; also the first fully computerised stock exchange.
Nifty 50: Major NSE index, based on top 50 companies listed on NSE.
Forward Trading: Trading in commodities/currencies, securities, or other assets at a specified price on a specified future date.
| Exchange | Location |
|---|---|
| Multi Commodity Exchange (MCX) | Mumbai |
| Indian Commodity Exchange (ICEX) | Navi Mumbai |
| National Multi Commodity Exchange (NMCE) | Ahmedabad |
| National Commodity and Derivatives Exchange (NCDEX) | Mumbai |
| Share Price Index | Stock Exchange / Country |
|---|---|
| NASDAQ | America |
| Frankfurt, Mid Dax | Germany |
| Bovespa | Brazil |
| Mibtel | Italy |
| Shanghai Composite | China |
| SET | Thailand |
| Nikkei | Tokyo (Japan) |
| NYSE Composite | New York |
| KOSPI | Korea |
| Sensex | Mumbai (India) |
| Hang Seng | Hong Kong |
| TAIEX | Taiwan |
Insider Trading: Buying/selling in the stock market using internal confidential information by an employee of a company.
| Topic | Key Fact |
|---|---|
| Money Market | Short-term instruments (maturity up to 1 year) |
| Call Money | Maturity: 1 day |
| Notice Money | Maturity: 2 to 14 days |
| Term Money | Maturity: 15 to 365 days |
| Commercial Bill | Initiated 1990; Maturity: 30, 60, 90 days |
| Commercial Paper | Min Amount ₹5 lakhs; Maturity: 15 days to 1 year |
| Certificate of Deposit (CD) | Initiated by RBI 1989; Maturity: 7 days to 1 year; multiples of ₹1 lakh (since 2021) |
| Treasury Bill (TB) | Issued by RBI; Minimum Investment ₹25,000; Types: 91, 182, 364-day |
| Capital Market | Long-term instruments (>1 year maturity) |
| IPO | Shares issued for first time by new companies |
| FPO | Additional shares issued by listed companies for extra capital |
| GDR / ADR | Foreign capital raising instruments |
| Gilt-edged Market | Risk-free; RBI buys/sells govt & semi-govt securities |
| BSE | Established 1875 by Premchand Roychand; Dalal Street, Mumbai |
| BSE Distinction | Asia's oldest and South Asia's largest |
| Sensex | Formed 1986; BSE Benchmark |
| NSE | Established 1992; recommended by Pherwani Committee (1991) |
| NSE HQ | Bandra Kurla Complex, Mumbai; Key Promoter: IDBI |
| Nifty 50 | Top 50 companies listed on NSE |
| MIBOR | Mumbai Inter Bank Offer Rate |
| MIBID | Mumbai Inter Bank Bid Rate |
| LIBOR | London Inter Bank Offered Rate; global benchmark till 2023 |
| OTCEI | Established Mumbai 1992; exchange for small/medium industrial units |
| First Computerised Stock Exchange | NSE |
| GREENEX | Launched Feb 2012 by BSE; India's first carbon efficient index; with IIM Ahmedabad |
| UTI (Mutual Funds) | 1964; India's largest MF: SBI Mutual Fund |
| SEBI | Established 12 April 1988; Statutory status: 30 January 1992 |
| SEBI HQ | Mumbai; Regional: Chennai, Delhi, Kolkata, Ahmedabad |
| FMC Merger | With SEBI, September 2015 |
| World's First Stock Exchange | Antwerp, Belgium (1631) |
| First Modern-Era Stock Exchange | Philadelphia, USA (1790) |
| India's First International Exchange | GIFT City, Gandhinagar, Gujarat (Jan 2017) |
| LIC | Established 1 September 1956; HQ: Mumbai |
| GIC | Established 22 November 1972; 4 subsidiaries |
| India's First General Insurance Co. | Triton Insurance Company Ltd. (1850) |
| IRDAI | IRDA Act 1999; force 19 April 2000; renamed IRDAI in 2014; HQ: Hyderabad |
| Privatisation of Insurance | Recommended by Malhotra Committee (1993) |
| Insurance Sector FDI | 100% |
| Infosys (NASDAQ) | First Indian company listed on American Stock Exchange |
| Insider Trading | Using internal confidential info to trade stocks |