May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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Chapter 13: Economic, Monetary and Fiscal Policies | 151 |
three kinds of selective credit control measures: (a) fi xing minimum
margins for lending against particular type of securities; (b) impos-
ing a ceiling on the quantum of credit for specifi c purposes; and
(c) charging discriminatory rate of interest on particular types of
advances. However, the RBI ensured that credit to export-oriented
activities is not adversely affected while credit for purposes of
hoarding and speculation is curtailed severely.
Monetary Policy in Developing Countries
The effectiveness of a country’s monetary policy assumes the exis-
tence of well-developed monetary, banking and fi nancial institu-
tions, the required infrastructure in terms of money and capital ...
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