-
The credit control operation in India is performed by
-
- Rural banks
- Commercial banks
- Reserve Bank of India
- State Bank of India
- Rural banks
Correct Option: C
Credit control is most important function of Reserve Bank of India. By using credit control methods RBI tries to maintain monetary stability. There are two types of methods: (a) Quantitative control to regulate the volume of total credit; and (b) Qualitative Control to regulate the flow of credit.