Question : _____________________ refers to a method in which the central bank gives direction to other banks to give or not to give credit for certain purpose to particular sectors.
Option 1: Selective credit controls
Option 2: Open market operations
Option 3: Bank rate
Option 4: Repo rate
Answer (1)
21st Jan, 2024
Correct Answer:
Selective credit controls
Solution :
Selective credit control refers to a method in which the central bank gives direction to other banks to give or not to give credit for certain purpose to particular sectors.
Hence, Option A is correct.
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