Financial markets serve as a platform where individuals, institutions, and governments can trade financial assets such as stocks, bonds, currencies, and derivatives.

Commodity markets are not considered financial markets as they deal with the trading of physical commodities like agricultural products, metals, and energy resources.

Stock exchanges provide a platform for the trading of stocks and bonds, enabling investors to buy and sell these securities.

Treasury bills are short-term debt instruments issued by the government with maturities of less than one year, making them money market instruments.

Bonds are debt instruments issued by businesses and governments to raise capital. Investors purchase bonds in exchange for periodic interest payments and the repayment of the principal amount at maturity.

Options are derivative instruments that give the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a certain date.

Mutual funds pool funds from investors and invest them in a diversified portfolio of stocks, bonds, and other financial instruments, providing investors with a convenient and professionally managed investment option.

Financial regulation aims to protect investors and ensure fair and orderly markets by setting rules and regulations for financial institutions and market participants.

The Pension Fund Regulatory and Development Authority of India is not a financial market regulator in India. It is responsible for regulating the pension sector in the country.

Central banks play a crucial role in managing the money supply and interest rates in an economy, influencing monetary policy and overall economic stability.

Primary market transactions involve the issuance of new securities, such as stocks and bonds, to raise capital from investors.

Secondary markets provide a platform for the trading of existing securities, allowing investors to buy and sell securities that have already been issued.

Options are commonly used as hedging instruments, allowing investors to manage and mitigate risk by providing the right to buy or sell an underlying asset at a specified price.

Credit rating agencies evaluate the creditworthiness of borrowers, assigning ratings that indicate the likelihood of default and the risk associated with lending to them.