66. “Reverse helicopter drop”, a term widely used during post-demonetization refers to:

Expansionary monetary policy

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Contractionary monetary policy

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Expansionary fiscal policy

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Contractionary fiscal policy

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Solution

The correct option is B Contractionary monetary policy
The economic survey has used the phrase “Helicopter Hoover” in the wake of demonetization. This term is, derived from the concept of Helicopter money which denotes printing large sums of money and distributing it to the public to increase money supply and stimulate the economy in deflationary periods. The survey has called demonetization as “Reverse Helicopter”

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Similar questions

64) According to economic survey 2016-17

i) Post-Demonetization, the real estate prices have reduced, leading to affordable housing and facilitate Labour mobility across India

ii) There was reduction in currency in circulation and a surge in demand deposits post demonetization

58. Which among the following is correct?

i) India’s demonetization was a first of its kind in its post-independent history

ii) Unlike in other countries demonetization was done in the context of rising inflation and poor growth

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