Name the monetary measure indicated in the following statements. Also indicate, whetaher the following measures will be adopted during excess demand or deficit demand:
(i) RBI starts selling government securities in the open market.
(ii) Instead of 50%, now 70% of the security amount will be given as loan.
(iii) Central bank reduces CRR.
(iv) RBI instructed not to advance loan to producers in industrial sector in urbam areas.

Explanation

(i) Open market operation
(ii) Margin requirements.
(iii) Legal reserve requirements
(iv) Selective credit controls.
Part (i) and Part (ii) measures will be adopted during excess demand.
Part (ii) and Part (iii) measures will be will be adopted during, deficient demand.