Economics · Monetary Policy
Selective Credit Control (SCC) measures by the Reserve Bank of India (RBI) primarily aim to do what?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Control the overall volume of total credit in the economy
- 2Direct credit flow to specific sectors or prevent hoarding✓
- 3Eliminate commercial banks' profit margins
- 4Maintain uniform interest rates across all sectors
Correct answer
Direct credit flow to specific sectors or prevent hoarding
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