Which of the following is NOT an instrument of monetary policy?

CA Foundation · Business Economics · MTP · September 2025
Which of the following is NOT an instrument of monetary policy?
(A) A. Cash Reserve Ratio
(B) B. Statutory Liquidity Ratio
(C) C. Public Expenditure Management
(D) D. Repo Rate

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Public Expenditure Management

Topics: Money Market

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