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Question :

Variations in the Cash Reserve Ratio and Open Market Operations are instruments of:

Option 1:

Budgetary policy

Option 2:

Trade policy

Option 3: Fiscal policy

Option 4: Monetary policy


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 9th Jan, 2024

Correct Answer: Monetary policy


Solution : The correct option is Monetary policy .

Monetary policy tools include changes in the Cash Reserve Ratio (CRR) and Open Market Operations (OMO). Central banks, such as the Federal Reserve in the United States or the Reserve Bank of India in India, can regulate an economy's money supply and interest rates by implementing monetary policy.

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