Exp) Option c is the correct answer.

Option c is correct: The term “Collateralized Borrowing and Lending Obligation (CBLO)” is discussed in the context of money market instruments. CBLOs represent an agreement between a borrower and a lender, where the borrower provides collateral (such as government securities) in exchange for cash from the lender. These short-term instruments facilitate borrowing and lending in a fully collateralized environment, primarily in India’s financial markets.

Source: https://www.financialexpress.com/opinion/the-humble-repo-turns-25/3396808/

https://www.sebi.gov.in/sebi_data/attachdocs/oct-2017/1509265087608.pdf

https://www.investopedia.com/terms/c/cblo.asp