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      Question

      Which of the following is a qualitative instrument of monetary policy used by the Reserve Bank of India?

      A Cash Reserve Ratio Correct Answer Incorrect Answer
      B Statutory Liquidity Ratio Correct Answer Incorrect Answer
      C Repo Rate Correct Answer Incorrect Answer
      D Open Market Operations Correct Answer Incorrect Answer
      E Credit rationing Correct Answer Incorrect Answer

      Solution

      Credit rationing is a qualitative monetary policy tool, whereas CRR, SLR, repo rate, and OMO are quantitative tools.ย 

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