Multiple choice general knowledge

‘Open Market Operation ‘ is a part of

  1. Income Policy

  2. Fiscal Policy

  3. Credit Policy

  4. Labour Policy
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Open Market Operations (OMO) involve buying and selling of government securities by the central bank to control money supply, making it a key instrument of Credit (Monetary) Policy. Fiscal Policy (B) deals with government revenue and expenditure, while Income Policy (A) and Labour Policy (D) are unrelated to OMO.

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