With reference to Indian economy, consider the following:
1. Bank rate
2. Open market operations
3. Public debt
4. Public Revenue
Which of the above is/are component/components of Monetary Policy?
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A.
1 only
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B.
2, 3 and 4
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C.
1 and 2
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D.
1, 3 and 4
Correct Answer:
C. 1 and 2
Explanation:
The components of Monetary Policy in India include:
Bank rate
Open market operations
These are the key tools used by the Reserve Bank of India (RBI) to regulate money supply, control inflation, and influence the economy.
Public debt and public revenue are related to fiscal policy, not monetary policy.
Therefore, the correct answer is (c) 1 and 2.
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