Multiple choice

Selective credit control is a tool of which of the following policies?

  1. Fiscal policy

  2. Import policy

  3. Monetary policy

  4. Income policy

  5. Price policy
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In India, monetary policy of the Reserve Bank of India is aimed at managing the quantity of money in order to meet the requirements of different sectors of the economy and to increase the pace of economic growth.

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