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State Whether the Following Statement is True Or False. Regulation of Consumer Credit is a Quantitative Credit Control Measure of Central Bank. - Economics

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Question

State whether the following statement is TRUE or FALSE.

Regulation of Consumer Credit is a quantitative credit control measure of Central Bank. 

Options

  • True

  • False

MCQ
True or False

Solution

Regulation of Consumer Credit is a quantitative credit control measure of Central Bank. - False

Explanation: Regulation of Consumer Credit is a qualitative method and not a quantitative as it regulates the credit extended to the consumers for the purchase of consumer durables. The monthly instalments or down payment amounts are altered in order to liberalise or restrict credit in the hands of a consumer.

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Central Bank Function - Controller of Credit
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Chapter 13: Central Banking - Exercise 1 [Page 121]

APPEARS IN

Micheal Vaz Economics [English] 12 Standard HSC
Chapter 13 Central Banking
Exercise 1 | Q 3.2 | Page 121

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