Question

Which of the following is a measure of
selective credit control
Select one:
a. Open market operation
b. Bank rate policy
c. Statutory cash reserve ratio
d. None of the above
​

Answer 1

Answer:

A)- is the Answer....

Open market operation....

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Answer 2

Answer:

Concept:

Selective credit control is a measure of Bank rate policy.

Explanation:

Selective credit regulation refers to the RBI's discriminating policy favoring or discouraging particular economic sectors. With positive selective credit controls, the RBI may attempt to promote the flow of credit in the output of a few prioritized sectors while limiting the flow of credit in non-prioritized sectors. In the case of speculative actions, while there is inflation, the RBI also applies a negative kind of selective credit restriction.

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