The document discusses monetary and fiscal policy in India. It provides details on: 1) Measures of money supply used by the RBI including M1, M2, M3, and M4. 2) Instruments of monetary policy such as bank rate of interest, cash reserve ratio, statutory liquidity ratio, open market operations, and deficit financing. 3) Objectives of monetary policy like maintaining price stability and ensuring credit flow to productive sectors. 4) Instruments of fiscal policy including reduction in government expenditure, increasing taxes, and maintaining a surplus budget. 5) The differences between monetary policy set by the RBI and fiscal policy set by the national government.