Which of the following statement(s) is/are correct about the Negative interest rate policy? 1. A negative interest rate policy (NIRP) is an unconventional monetary policy tool employed by a central bank whereby target interest rates are set with a negative value. 2. Negative Interest rate policy are majorly adapted by the central banks to control inflation and reduce the demand and consumption in the domestic market. Select the correct answer using the codes given below: - Study24x7
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UPSC & State PSC
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Which of the following statement(s) is/are correct about the Negative interest rate policy? 1. A negative interest rate policy (NIRP) is an unconventional monetary policy tool employed by a central bank whereby target interest rates are set with a negative value. 2. Negative ...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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