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Out of the Bank rate policy and open market operations, which will you prefer in India?

+3 votes

asked Dec 25, 2018 in Class 12 by kratos

Out of the Bank rate policy and open market operations, which will you prefer in India?

central bank
isc
class-10
icse
functions and credit control
class-12
central banking

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1 Answer

+3 votes

answered Sep 30, 2020 by kratos

Best answer

The bank rate policy should be preferred by the RBI because the policy of open market operations cannot be used effectively in our country.

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