Question
RBI can influence money supply by changing the Bank rate. An increase in Bank rate can be termed as:
(
This question was previously asked in
Shift 28/05/2023 3:30 PM - 6:30 PM
A
Contractionary monetary policy
B
Expansionary monetary policy
C
Contractionary fiscal policy
D
Expansionary fiscal policy
Correct Answer
Contractionary monetary policy
Detailed Explanation
NOTE*- AS PER NTA THE CORRECT OPTION IS (1).
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