Q66
A proportion of the total deposits and reserves of the commercial banks that is to be kept with the Central Bank (RBI) on liquid form as a measure of control of RBI over the Commercial Banks is known as:
A.
Bank rate
B.
Statutory Liquidity Ratio (SLR)
C.
Cash Reserve Ratio (CRR)
AnswerD.
Mandatory deposit
Answer: Option C
Solution
Answer: Option C
Solution:
A proportion of the total deposits and reserves of the commercial banks that is to be kept with the Central Bank (RBI) on liquid form as a measure of control of RBI over the Commercial Banks is known as Cash Reserve Ratio (CRR).