14. The allocated function is performed by: C. Money market
The capital market is an essential component of the financial system, encompassing various institutions. It includes development banks, commercial banks, and stock exchanges. Development banks play a pivotal role in financing long-term projects, commercial banks facilitate corporate lending, and stock exchanges provide platforms for buying and selling securities.
So, the capital market is a multifaceted system, involving development banks, commercial banks, and stock exchanges. Each entity contributes to the overall functioning of the market, serving diverse financial needs and fostering economic growth.
15. The capital market consists of C. Stock exchanges
Capital markets encompass a diverse range of financial institutions and instruments that facilitate the trading of long-term financial securities. Stock exchanges, represented by option C, play a crucial role in the capital market. These exchanges provide a platform for buying and selling stocks, which are a key component of capital market activities.
In addition to stock exchanges, the capital market includes other entities such as development banks, which contribute to economic development through long-term funding, and commercial banks that may participate in various capital market activities. However, the specific entities mentioned in options A and B—development banks and commercial banks—are not exclusive to the capital market. They operate in broader financial landscapes.
So, while development banks and commercial banks are integral to the financial system, the core of the capital market revolves around stock exchanges, making option C, "Stock exchanges," the accurate choice.