GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank Rate
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Open Market Operations
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Cash Reserve Ratio
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All of these
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Detailed explanation-1: -(1) Quantitative Methods: (i) Bank rate fixation; (ii) Open market operations; (iii) Change in cash reserves ratios; (iv) Repos and reverse repos; and (v) Statutory liquidity ratio.
Detailed explanation-2: -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-3: -Quantitative or traditional methods of credit control include banks rate policy, open market operations and variable reserve ratio. Qualitative or selective methods of credit control include regulation of margin requirement, credit rationing, regulation of consumer credit and direct action.
Detailed explanation-4: -Bank rate, Statutory Cash Reserve Requirement, Statutory Liquidity Ratio are the instruments of quantitative credit control.