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Q:

Which of the following combinations of ‘RBI Tool – Monetary instrument’ is correct?

  • 1
    Qualitative – Moral Suasion
  • 2
    Quantitative – Marginal requirement
  • 3
    Qualitative - Cash Reserve ratio
  • 4
    Qualitative – Open Market Operations
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Answer : 1. "Qualitative – Moral Suasion"
Explanation :

The correct answer is Qualitative – Moral Suasion. Monetary policy refers to the policy of the central bank with regard to the use of monetary instruments under its control to achieve the goals specified in the Act. The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy.

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