Which among the following is / are near money?
1. T-bills
2. Equity Shares of a company
3. Bill of Exchange
4. Debentures
Select the correct option from the codes given below:

Answer: [D] 1, 2, 3 & 4

Near Money is the money which is not cash but can be changed in cash in short time. T-bills, Equity shares of a company, Bill of exchange and Debentures are all considered as near money.

This question is a part of GKToday's Integrated IAS General Studies Module