Question :

The Monetary and Credit Policy is announced by which of the following?

Option 1:

Ministry of Finance in Center

Option 2:

Reserve Bank of India

Option 3: State Bank of India

 

Option 4: Planning Commission of India


Recommended : Get important details about BEL First Grade College, Bangalore. Download Brochure
Team Careers360 18th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer:

Reserve Bank of India


Solution : The correct option is Reserve Bank of India.

The Reserve Bank of India (RBI) announces the Monetary and Credit Policy. The RBI uses it as a key policy instrument to control the money supply and credit availability in the economy. Inflation control, fostering economic growth, and preserving financial system stability are the major goals of monetary and credit policy.  It describes numerous tools used to affect the money supply and credit conditions in the economy, such as the repo rate, reverse repo rate, cash reserve ratio (CRR), statutory liquidity ratio (SLR), and other policy instruments.

Compare Colleges

College Comparison based on Courses, Placement, Rank, Fee

Compare Now

Know More About

Related Questions

UPES Dehradun | B.Com Admissi...
Apply
#41 in NIRF | 50 LPA Highest CTC, Ranked #1 in Academic Reputation in India by QS World University Rankings
UPES Dehradun BA Admissions 2025
Apply
Ranked #46 amongst Universities in India by NIRF | Ranked #1 in Academic Reputation in India by QS World University Rankings
UPES | BBA Admissions 2025
Apply
#41 in NIRF, NAAC ‘A’ Grade | 100% Placement, up to 30% meritorious scholarships
Pearl Academy BBA 2025
Apply
No. 1 Design & Fashion Institute by ASSOCHAM, India Today, Outlook and The Week rankings
Woxsen University BBA (Hons.)...
Apply
AACSB, Business Graduates Association, AMDISA Member | Merit-Based Scholarships
UPES Dehradun BCA Admissions ...
Apply
Ranked #46 Among Universities in India by NIRF | 2570+ Students Placed | 96.55% Placement, 700+ Recruiters
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books