GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following fall under the qualitative method of credit control adopted by Reserve bank of India:-
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Moral suasion
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Selective credit control
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Credit authorization scheme
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all of the above
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Explanation:
Detailed explanation-1: -Regulation of consumer credit act as a qualitative credit control measure of the central bank as in the time of inflation or deflation, they regulate the consumer credit on a certain relative products in order to regulate uncertain market conditions.
Detailed explanation-2: -Explanation: The RBI controls the money supply in the economy through quantitative and qualitative tools. Under Quantitative measures money supply is controlled through tools like CRR, or bank rate or open market operations.
Detailed explanation-3: -Bank rate, Statutory Cash Reserve Requirement, Statutory Liquidity Ratio are the instruments of quantitative credit control.
There is 1 question to complete.