Which of the following institutions does not belong to the capital market

Commercial banks, development banks, mortgage banks, and insurance companies are all institutions that belong to the capital market. The capital market is a financial market where companies and governments can raise funds by issuing and trading long-term securities, such as stocks and bonds. However, commercial banks are primarily associated with the money market rather than the capital market. The money market is a financial market where short-term securities, such as Treasury bills and commercial paper, are issued and traded. Commercial banks participate in the money market by providing short-term loans and financing for businesses and individuals. Therefore, the institution that does not belong to the capital market is Commercial banks.