By going through these Maharashtra State Board Secretarial Practice 12th Commerce Notes Chapter 11 Financial Market students can recall all the concepts quickly.
Maharashtra State Board Class 12 Secretarial Practice Notes Chapter 11 Financial Market
→ Every business has to raise short and long-term funds to meet the working and fixed capital needs of the business.
→ Financial Market is a place where borrowers and lenders are coming together.
→ Financial Market consists of –
(1) Money Market – Provide Short term loans
RBI controls over money market
(2) Capital Market – Provide Medium / Long term loans
SEBI controls over capital market
→ Financial Market is advancing loans to an individual, public and private institutions, state-local-central Government.
→ Money Market is dealing with –
- Treasury Bills
- Commercial Papers
- Certificate of Deposits
- Commercial Bills
- Money Market Mutual Fund
- Repo and Reverse Repo
→ Capital Market is dealing with –
- Shares
- Debentures
- Bonds
- Mutual Funds etc.