Give a brief account of the various qualitative instruments of monetary policy. 

Qualitative instruments of monetary policy refer to the measures taken by the central bank to regulate the credit availability, cost of credit, and other monetary parameters. These tools are primarily aimed at influencing the qualitative aspects of the credit market, such as credit allocation, loan terms, and borrowing norms. Here are some of the qualitative instruments of monetary policy:

1. Credit rationing: Credit rationing refers to the process of restricting credit to specific sectors or borrowers. This is typically used during times of ________ ______ _______ ________ _________.
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