Starting from the earliest, sequence the steps taken to develop the money market in India
A. Introduction of Interest Rate Swaps (IRS)
B. Introduction of Commercial Paper
C. Introduction of Ways and Means Advances (WMA) linked to bank rate
D. Introduction of Liquidity Adjustment Facility (LAF)
E. Implementation of Real Time Gross Settlement (RTGS)
Choose the correct answer from the options given below:
1
C, B, D, A, E
2
D, C, B, E, A
3
B, D, C, A, E
4
B, C, D, A, E