Moral suasion by the RBI refers to: MCQ with Answer and Explanation

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Moral suasion by the RBI refers to:

A. raising reserve requirements

B. legal penalties on banks

C. persuasion and advice to banks to follow monetary policy objectives

D. buying securities from banks

Answer: Option C

Solution (By JKSSB Mock Tests)

Moral suasion is a non-statutory instrument of persuasion by the RBI to influence bank behaviour.

This question belongs to: Economy GK Economy Set 1

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Correct Answer: Option D

Explanation:
Swachh Bharat Mission has rural and urban components.

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The 'Goods and Services Tax' has enabled seamless input tax credit across states, which has eliminated:

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Correct Answer: Option A

Explanation:
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This question belongs to: Economy GK Economy Set 1

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