Read the two statements and choose the correct option.
I. Fiscal policy is decided by the Reserve Bank of India.
II. Monetary policy is decided by the Reserve Bank of India.

Only ICorrect answerYour answerOnly IICorrect answerYour answerBoth I and IICorrect answerYour answerNeither I nor IICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

Fiscal policy is the government's budget. I is false.
The RBI, through its Monetary Policy Committee, runs monetary policy. II is true.

Ten questions from Excess & Deficient Demand, at your own pace.

Ten questions from Excess & Deficient Demand, at your own pace.

Read the two statements and choose the correct option.I. Fiscal policy is decided by the Reserve Bank of India.II. Monetary policy is decided by the Reserve Bank of India.