Capital market consists of........

A. Development Bank
B. Financial Institutions
C. Stock Exchange
D. Treasury Bills
E. Call Money
Choose the correct answer from the option given below:

A, B, C only

The term capital market refers to facilities and institutional arrangements through which long-term funds, both debt and equity are raised and invested. It consists of a series of channels through which savings of the community are made available for industrial and commercial enterprises and for the public in general. It directs these savings into their most productive use leading to growth and development of the economy. The capital market consists of development banks, commercial banks and stock exchanges.