12th Economics,, urgent,,, What is selective credit control??? Easy language...
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Answered by
7
Heya...
I'm glad to answering you this question,,,,, Because I have also economics in 12th....
So friend,,
See here for your answer....
=============
Selective credit control.....
It is a policy of Central Bank as RBI in India to control the situations of inflation and deflation....
It act as a discriminatory policy of RBI,,,
To control inflation bank restrict some major sector from taking of loans by some major restrictions ,,,
To control deflation bank select less restrictions above major sectors to take loans by them...
For the non priority sectors it was a selective measure to increase or decrease the money supply in market...
"" Hope it will help you...
-- Be Brainly...
I'm glad to answering you this question,,,,, Because I have also economics in 12th....
So friend,,
See here for your answer....
=============
Selective credit control.....
It is a policy of Central Bank as RBI in India to control the situations of inflation and deflation....
It act as a discriminatory policy of RBI,,,
To control inflation bank restrict some major sector from taking of loans by some major restrictions ,,,
To control deflation bank select less restrictions above major sectors to take loans by them...
For the non priority sectors it was a selective measure to increase or decrease the money supply in market...
"" Hope it will help you...
-- Be Brainly...
Answered by
0
heya...
Here is your answer...
Selective credit control is a tool in the hands of Reserve Bank of India to restrict bank finance against sensitive commodities. These sensitive commodities generally include:
(i) Food grains i.e., cereals and pulses.
(ii) Cotton textiles, which include cotton yarn, man‑made fibres and yarn and fabrics made out of man‑made fibres and partly out of cotton yarn and partly out of man-made fibres.
(iii) Selected major oil seeds indigenously grown viz. groundnut, rapeseed/mustard, cottonseed, linseed and castor seed, oils thereof, vanaspati and all imported oils and vegetable oils.
(iv) Sugar, Gur and Khandsari.
(v) Raw cotton and kapas.
It may help you..☺☺
Here is your answer...
Selective credit control is a tool in the hands of Reserve Bank of India to restrict bank finance against sensitive commodities. These sensitive commodities generally include:
(i) Food grains i.e., cereals and pulses.
(ii) Cotton textiles, which include cotton yarn, man‑made fibres and yarn and fabrics made out of man‑made fibres and partly out of cotton yarn and partly out of man-made fibres.
(iii) Selected major oil seeds indigenously grown viz. groundnut, rapeseed/mustard, cottonseed, linseed and castor seed, oils thereof, vanaspati and all imported oils and vegetable oils.
(iv) Sugar, Gur and Khandsari.
(v) Raw cotton and kapas.
It may help you..☺☺
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