Match the following statements in column I with the correct statements in column II.
Answer & explanation
Correct answer: option 1
The correct answer is Option 1: a-iii, b- iv, c - i, d-ii
(a-iii) Repurchase rate is the rate at which central bank i.e. RBI lends money to commercial banks for their short term needs.
(b-iv) Money Supply is a stock concept. The total stock of money in circulation among the public at particular point of time is called money supply.
(c-i) CRR is fixed by the RBI.
(d-ii) M1 and M2 are known as narrow money.