Q. Consider the following statements:
1.The short-term financial market is known as the capital market.
2.The long-term financial market is known as the money market.
Which of the statements given above is/are NOT correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation: Financial markets in every economy are having two separate segments today, one catering to the requirements of short-term funds and the other to the requirements of long-term funds.

The short-term financial market is known as the money market, while the long-term financial market is known as the capital market.

Source: Ramesh Singh