Thursday 21 November 2019

MONETARY POLICY

Introduction :
                 The term monetary policy is also known as the ' credit  policy ' or  'RBI' s  money management policy in India The monetary authority or central bank  of country is responsible  for formulation and implementation  of monetary policy.

Meaning :

                     monetary policy is a regulatory policy by which the central bank or  monetary authority of a country controls  supply of money , availability of bank credit and cost of money .

The Main Objectives Of  Monetary  Policy 

  1.  Rapid  Economic  Growth 
  2. Price  Stability
  3. Exchange  Rate  Stability 
  4. Balance Of   Payment (BOP) Equilibrium 
  5. Full  Employment 
  6. Neutrality  Of  Money 
  7. Equal  Income  Distribution 
  8. Regulation Of  NBFIs 
  9. Encouraging  saving  And  Investment 

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