With reference to Indian economy, consider the following 1. Bank rate 2. Open market operations 3. Public debt

Question

With reference to Indian economy, consider the following

1. Bank rate

1. Open market operations

1. Public debt

1. Public revenue

Which of the above is/are component/ components of Monetary Policy?

(a) 1 only (b) 2, 3 and 4 (c) 1 and 2 (d) 1, 3 and 4

Answer 1

(c) The RBI implements the monetary policy through open market operations, bank rate policy, reserve system, credit control policy, moral persuasion and through many other instruments.