Economics · Monetary Aggregates

Prior to the 1991 economic reforms, which monetary aggregate did the Reserve Bank of India primarily use as its main operating target for monetary regulation?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Reserve money (M0)✓
2Narrow money (M1)
3Broad money (M3)
4Arbitrage capital

Correct answer

Reserve money (M0)

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Prior to the 1991 economic reforms, which monetary aggregate did the Reserve Bank of India primarily use as its main operating target for monetary regulation?

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Prior to the 1991 economic reforms, which monetary aggregate did the Reserve Bank of India primarily use as its main operating target for monetary regulation?

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