| Which of the following is not a monetary policy tool? |
| 1. Call money market |
| 2. Commercial paper |
| 3. Open market operations |
| 4. Liquidity Adjustment Facility |
| Select the correct answer using the codes given below: |
A) 1 only
B) 1 and 2 only
C) 3 and 4 only
D) 1 and 4 only
Correct Answer: B
Solution :
[b] The Reserve Bank of India (RBI) uses the monetary policy to manage liquidity or money supply in a manner that balances inflation and at the same time aids growth.
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