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Standard XII
Economics
Question

Regulation of consumer credit is a quantitative credit control measure of the central bank.
  1. True
  2. False

A
False
B
True
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Solution
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The correct option is B False
False.
Consumer credit refers to a personal debt taken by a consumer on the purchase of goods and services for the satisfaction of wants. It is a qualitative credit control measure of the central bank. At the time of inflation or deflation, they regulate the consumer credit on a certain relative products which are affected by inflation or deflation.

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