Question

Regulation of consumer credit is a quantitative credit control measure of the central bank.

• A. True
• B. False

Answer 1

The correct option is B False

False.

Consumer credit refers to a personal debt taken by a consumer on the purchase of goods and services for the satisfaction of wants. It is a qualitative credit control measure of the central bank. At the time of inflation or deflation, they regulate the consumer credit on a certain relative products which are affected by inflation or deflation.