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The capital market is where long-term securities like stocks and bonds are bought and sold. Looking at the options,
1. Government Bond Market: These are longer-term markets where government issues bonds to raise funds, so it is included in the Capital Markets.
2. Call Money Market: It`s a market for extremely short-term, day-to-day lending. As it deals with short-term funds, it is not a part of Capital Markets.
3. Treasury Bill Market: Treasury bills are short-term securities issued by the government. Like call money markets, these are not part of Capital Markets.
4. Stock Market: Stocks represent ownership in companies and are long-term securities, so they fall under the Capital Markets.
So, only the Government Bond Market and Stock Market are part of the Capital Market.
Therefore, the correct option is 2 - Only two, (Government Bond Market and Stock Market are included in the capital market).