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Commerce · Q739

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 739

Q739

What is Statutory Liquidity Ratio (SLR) of a bank?

A.
Ratio of total deposits against total investments
B.
Amount deposited by the bank with the Central Bank in the form of cash, gold and securities
C.
Amount that commercial banks are required to maintain before providing credit to customers
Answer
D.
Amount that commercial banks deposit with the foreign banks

Answer: Option C

Solution

Answer: Option C
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