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______ is a quantitative method of credit control.

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Question

______ is a quantitative method of credit control.

Options

  • Bank rate

  • Cash reserve ratio

  • Credit rationing

  • Both Bank rate and Cash reserve ratio

MCQ
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Solution

Both Bank rate and Cash reserve ratio is a quantitative method of credit control. 

Explanation:

The Bank Rate and the Cash Reserve Ratio (CRR) are quantitative methods of credit control used by the central bank to regulate the total money supply in the economy.

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Monetary Policy of the Central Bank
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Chapter 9: Central Banks - QUESTIONS [Page 212]

APPEARS IN

Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 9 Central Banks
QUESTIONS | Q 7. | Page 212
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 8 Central Bank
Exercise | Q 7. | Page 156
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