Official Answer Key & Detailed Solution
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Correct Answer: Option (C) — 1 and 2
Concept & Option Breakdown
Standard Reference VerifiedMonetary policy relates to the control of money supply, credit availability, and interest rates by the central bank (RBI). Bank Rate and Open Market Operations (OMOs) are quantitative instruments of monetary policy.
Public Debt and Public Revenue are instruments of Fiscal Policy managed by the Government of India through the Ministry of Finance.
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