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?

Bank rate and Open Market Operations (OMO) are quantitative instruments used by the Reserve Bank of India (RBI) to regulate money supply and credit, making them core components of Monetary Policy. In contrast, public debt and public revenue are components of Fiscal Policy, as they relate to the government's budgetary management, taxation, and spending. The core concept being tested is the fundamental distinction between Monetary Policy (managed by the central bank) and Fiscal Policy (managed by the government).