1.Bring out the qualitative control instrument of Reserve Bank of India from the given statements?
[A] RBI increases Reverse Repo rate in the quarterly review of the monetary policy
[B] RBI decreases the CRR rate in the quarterly review of the monetary policy
[C] RBI decreases the Bank rate in the quarterly review of the monetary policy
[D] RBI announces selective credit control in the quarterly review of the monetary policy2.Which of the following was set up by State bank of India on recommendation of Iyer Committee in 1991?
[A] RTGS
[B] NEFT
[C] IMPS
[D] BANKNET
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Answer:The qualitative tools of monetary policy are Rationing of credit, Consumer Credit Regulation, Guidelines, Margin requirements, Moral Suasion.
Explanation:
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