The monetary policy in India uses which of the following tools?
- 1. Bank rate
- 2. Open market operations
- 3. Public debt
- 4. Public revenue
Select the correct answer using the code given below.
1 and 2 only
2 and 3 only
1 and 4 only
1, 2, 3 and 4
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CDS-2 – 2017
Monetary policy aims to control the money supply, credit conditions, and interest rates to achieve macroeconomic objectives. Public debt and public revenue are instruments of fiscal policy, which is handled by the government.