UPSC 1995 › Indian Economy › Monetary Policy & Money Supply

2 questions · 1995 · answers as per the UPSC key

Take test Free Study this topic: Money, Banking and Monetary Policy
All years of Monetary Policy & Money Supply · Full UPSC 1995 paper
UPSC 1995 · Q55 · Indian Economy › Monetary Policy & Money Supply · Save

Which one of the following is not an instrument of selective credit control in India?

(a) Regulation of consumer credit
(b) Rationing of credit
(c) Margin requirements
(d) Variable reserve ratios
Show answer
Answer: (d) Variable reserve ratios
UPSC 1995 · Q60 · Indian Economy › Monetary Policy & Money Supply · Save

Bank Rate implies the rate of interest

(a) paid by the Reserve Bank of India on the deposits of Commercial Banks
(b) charged by Banks on loans and advances
(c) payable on Bonds
(d) at which the Reserve Bank of India discounts the Bills of Exchange
Show answer
Answer: (d) at which the Reserve Bank of India discounts the Bills of Exchange