The examples of monetary policy are reducing the reserve ratio, purchasing government securities, and decreasing the discount rate.You can read about The Reserve Bank of India: Functions and Composition in the given link.
In India, the monetary policy is controlled by the Reserve Bank of India. They use various instruments to control monetary policy.
Further readings:
- Non Performing Assets (NPA) – Facts for UPSC GS-III
- Monetary Policy – Objectives, Roles and Instruments
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Statutory Liquidity Ratio (SLR) – Definition, Objectives, Impacts |
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