GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements as measures of credit control are classified as :-
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qualitative methods
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quantitative methods
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weighted average method
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none of the above
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Explanation:
Detailed explanation-1: -The quantitative measures of credit control are : Bank Rate Policy: The bank rate is the Official interest rate at which RBI rediscounts the approved bills held by commercial banks. For controlling the credit, inflation and money supply, RBI will increase the Bank Rate. Current Bank Rate is 6%.
Detailed explanation-2: -The correct answer is All of the above. The quantitative measures are those tools that help a central bank control the liquidity of an economy.
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