With reference to Indian economy, consider the following

1. Bank rate
2. Open market operations
3. Public debt
4. Public revenue

Which of the above is/are component/ components of Monetary Policy?
a) 1 only
b) 2, 3 and 4
c) 1 and 2
d) 1, 3 and 4

Answer. [C]

Explanation- Monetary policy is the policy by which monetary authority of a country, controls the supply of money in the economy by its control over interest rates in order to maintain price stability and achieve high economic growth.

Tools of Monetary policy are:
1.Repo and reverse Repo rate 
2.Open Market Operations
3.Statutory Liquidity ratio
4.Bank Rate

Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation’s economy. Public Debt and revenue are part of this policy.