The primary objective of reducing "Bank Rate" by Reserve Bank of India is
Reducing the Bank Rate is an expansionary monetary-policy measure intended to support economic growth. Lower borrowing costs can encourage credit and spending; an increase…
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The primary objective of reducing "Bank Rate" by Reserve Bank of India is
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Correct answer C
Reducing the Bank Rate is an expansionary monetary-policy measure intended to support economic growth. Lower borrowing costs can encourage credit and spending; an increase in the rate is more consistent with restraining inflation.
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Andhra Pradesh SET (APSET)