Concept of Central Bank - Functions with Reference to Reserve Bank of India.
UNIT-II
Monetary Policy: Objectives - A Macro Economic View-Central Bank Tools to Regulate Money Supply.
UNIT-III
The Impact of Open Market Operations An Other Tools of Monetary Policy-the Monetary Ratios-Other Factors that Impact Monetary Base and Bank Reserves.
UNIT-IV
Credit Policy: Objectives, Theory and Practice, Instruments.
UNIT-V
Fiscal Policy-Importance of Budgets, Union Budget, State Budget, Finances of Union and State Government, Finance Commission Striking Balance Between Inflation and Growth Through Monetary and Fiscal Policies.