JKSSB Mock Tests

Which of the following is a qualitative instrument of monetary policy used by the RBI?

A. CRR
B. Bank rate
C. Variable reserve ratio
D. Credit rationing
Answer: Option D
Solution (By JKSSB Mock Tests Team)
Quantitative instruments regulate the overall volume of credit in the economy, whereas qualitative instruments, such as credit rationing, dictate the direction and distribution of credit to specific sectors.
This Question Belongs to: General knowledge mcqs Economics set 2

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