MPSC PYQEconomics
Consider the following statements: (a) Reserve Bank of India use the Dear Money Policy during the period of inflation. (b) Reserve Bank of India use the Cheap Money Policy during the period of depression. (c) The R.B.I. started with a Cheap Money Policy with a Bank rate of 3% in 1951. Which of the statement/s given above is/are correct?
A.(a) and (b)
B.(b) and (c)
C.(a) and (c)
D.All the above
Correct answer: D