Which of the following is not an objective of the monetary policy of the RBI ?
Options:
A . Direct credit in desirable direction
B . Boost economic development
C . Control inflationary pressure
D . Ensure social justice
Answer: Option D Answer: (d) Monetary policy is the process by which the monetary authority of a country, generally a central bank controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth. In India, the central monetary authority is the Reserve Bank of India (RBI). It is so designed to maintain price stability in the economy.
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