Money Market Instruments · Capital Market · Stock Exchanges · SEBI · Insurance — SSC / Railway / UPSC / BPSC
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 | Short-term trade bill arising from credit sales; common tenors 30/60/90 days. Businesses draw bills; banks/financial institutions discount or rediscount them |
| Commercial Paper | Introduced 1990; unsecured promissory-note instrument; minimum ₹5 lakh and multiples; maturity 7 days to 1 year; eligible companies, NBFCs/AIFIs and other permitted resident entities under RBI conditions |
| Certificate of Deposit (CD) | First in New York (1960s); Initiated by RBI in 1989; Minimum denomination ₹5 lakh and multiples of ₹5 lakh; Maturity: 7 days to 1 year; Issued by Commercial Banks, RRBs, Small Finance Banks |
| Treasury Bill (TB) | Zero-coupon Central Government security issued at a discount; RBI auctions for Government of India. Minimum ₹10,000 face value and multiples; active tenors 91/182/364 days. Marketable 14-day bill introduced in 1997 |
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: NSE benchmark diversified 50-stock equity index.
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) | Corporate office: Airoli, Navi Mumbai; registered office: Surat |
| National Multi Commodity Exchange (NMCE) | Historically Ahmedabad; merged into ICEX effective 24 September 2018 |
| National Commodity and Derivatives Exchange (NCDEX) | Mumbai |
| Share Price Index | Stock Exchange / Country |
|---|---|
| NASDAQ | America |
| Frankfurt, Mid Dax | Germany |
| Bovespa | Brazil |
| FTSE MIB | 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: securities trading while possessing material non-public information, or otherwise violating insider-trading rules; not restricted to employees.
| 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 | Trade bills from credit sales; common tenors 30/60/90 days |
| Commercial Paper | Minimum ₹5 lakh and multiples; maturity 7 days to 1 year |
| Certificate of Deposit (CD) | India introduction 1989; maturity 7 days–1 year; minimum ₹5 lakh and multiples |
| Treasury Bill (TB) | Central Government security, auctioned by RBI; minimum ₹10,000 face value; active 91/182/364-day tenors |
| 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 | Government securities; very low default risk, with interest-rate and market-price risk |
| BSE | Established 1875 by Premchand Roychand; Dalal Street, Mumbai |
| BSE Distinction | Asia's oldest stock exchange |
| Sensex | Formed 1986; BSE Benchmark |
| NSE | Established 1992; nationwide, professionally managed electronic securities market |
| NSE HQ | Bandra Kurla Complex, Mumbai; promoted by leading financial institutions and intermediaries |
| Nifty 50 | NSE benchmark 50-stock diversified equity index |
| MIBOR | Mumbai Interbank Outright Rate (current FBIL overnight benchmark) |
| MIBID | Mumbai Inter Bank Bid Rate |
| LIBOR | London Inter Bank Offered Rate; global benchmark till 2023 |
| OTCEI | Incorporated 1990; electronic exchange for smaller companies; later inactive |
| First Computerised Stock Exchange | NSE |
| GREENEX | Launched Feb 2012 by BSE; India's first carbon efficient index; with IIM Ahmedabad |
| UTI (Mutual Funds) | Established 1963; operations/US-64 scheme 1964; SBI MF among largest by AUM |
| 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 | Amsterdam (1602), widely regarded as the first modern securities exchange |
| Oldest US 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; four historical insurers ceased to be subsidiaries in 2003 |
| India's First General Insurance Co. | Triton Insurance Company Ltd. (1850) |
| IRDAI | Act 1999; statutory body April 2000; name change via 2014 Ordinance/2015 Act; HQ Hyderabad |
| Privatisation of Insurance | Malhotra Committee: set up 1993; report 1994 |
| Insurance Sector FDI | 100% |
| Infosys (NASDAQ) | First Indian company listed on NASDAQ (1999) |
| Insider Trading | Trading with material non-public information or otherwise breaching insider-trading rules |