Which of the following is a qualitative tool used by RBI to control money…
2021
Which of the following is a qualitative tool used by RBI to control money supply?
- A.
Moral Suasion
- B.
Cash Reserve Ratio
- C.
Bank Rate
- D.
Open Market Operations
Attempted by 6 students.
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Correct answer: A
Moral suasion is a qualitative credit-control tool used by the RBI. CRR, bank rate and open market operations are quantitative/monetary tools.