Which of the following are NOT monetary-policy instruments in the RBI framework?
A. Policy repo rate
B. Blending unrelated lending and trading activities
C. Bank Rate
D. Cash reserve ratio
E. Ineffective mobilisation of savings
B and E only
B and E are not monetary-policy instruments. The policy repo rate, Bank Rate and cash reserve ratio are instruments used within the RBI monetary framework. General failures of savings mobilisation or a vague blending of activities are not instruments.
As reported in May 2025, which of the following banks of India provided in-principle approval to PayPal and Worldline to operate as cross-border payment aggregators in India?