Synopsis This book on Advanced Monetary Theory and policy brings out classical, Keynesian and contemporary monetary theories. Further, it also covers theories of inflation and monetary policies in earlier plans. The monetary and credit policy of India for 2002-03 is also included in the end. The book is in question and answer model with 21 main questions and 5 short questions covering the given syllabus. The book mainly concentrates on theoretical aspects of monetary policy. It is highly useful to the students of B.Com., B.B.H., M.Com and M.A. of various universities.