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Option 4 : B and D only
The correct answer is option 4.
Following are the defects of the Indian money market:
- Dichotomy between Organised and Unorganised Sectors
- Predominance of Unorganised Sector
- Wasteful Competition
- Absence of All-India Money Market
- Inadequate Banking Facilities
- Shortage of Capital
- Seasonal Shortage of Funds
- Diversity of Interest Rates
- Absence of Bill Market
Therefore, the correct answer is B and D only.
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