Explanation:

Explanation: 

• Monetary Policy is the process by which the monetary authority (RBI) of a country controls the creation and supply of money in the economy. The objectives of monetary policy in India include maintaining price stability, ensuring adequate flow of credit to productive sectors of the economy for supporting economic growth and achieving financial stability. Monetary policy can be either expansionary or contractionary. Expansionary monetary policy increases the total supply of money more rapidly than the usual whereas contractionary policy expands the money supply slower than the usual or even reduces it.
• Expansionary policy is also called ‘Dovish’ or ‘Accommodative’ or ‘Easy Money Policy’. Contractionary policy is also called ‘Hawkish’ or ‘Tight Money Policy’.