देशातील पत निर्मिती नियंत्रित करण्यासाठी रिझर्व्ह बँकेकडून खालीलपैकी कोणता उपाय योजला जातो ?

The correct answer is Option B (Sale of securities in the open market).

Key Points:
• To contract credit and siphon liquidity from the banking system (controlling inflation), the Reserve Bank of India adopts contractionary quantitative monetary measures:
• Sale of Government Securities (OMOs): When the RBI sells government bonds in the open market, commercial banks and institutional investors pay with cash reserves. This directly drains liquidity, reducing the credit multiplier capacity of banks.
• Why other options are expansionary:
• Buying securities (Option 1) pumps fresh cash into banks, expanding credit.
• Reducing CRR (Option 3) leaves banks with more lendable funds, boosting credit.
• Reducing Bank Rate (Option 4) makes borrowing cheaper, accelerating credit.
• Therefore, Option 2 is the credit-controlling contractionary tool.
• Key Takeaway: Selling securities in open market operations absorbs liquidity and restricts commercial credit creation.