On which of the following banks, the Reserve Bank of India depends largely for the success of its…
The Reserve Bank of India depends largely on Commercial Banks for the implementation and success of its monetary policy because scheduled commercial banks command the vast…
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On which of the following banks, the Reserve Bank of India depends largely for the success of its monetary policy :
Answer and explanation
Correct answer C
The Reserve Bank of India depends largely on Commercial Banks for the implementation and success of its monetary policy because scheduled commercial banks command the vast majority of demand and time deposits and serve as the primary channel for credit creation and interest rate transmission.
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UGC NET Commerce