Indian Economy Questions and Answers for Competitive Exams

Q.

Open market operation refers to

[A] Borrowing by commercial banks from the R.B.I.
[B] Lending by scheduled banks to non-scheduled banks
[C] Purchase and sale of Government securities by the R.B.I.
[D] Purchase and sale of bounds and securities by the Central Govt.

Answer & Explanation

Answer: Option [C]

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