State whether the following statements are TRUE or FALSE.
2. Regulation of Consumer Credit is a quantitative credit control measure of Central Bank.
Answer:
2. 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 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.
