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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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