Question

Which statement is NOT correct regarding Statutory

Q: Answer-Which statement is NOT correct regarding Statutory Liquidity Ratio (SLR)?

SLR - Every bank in India is required to maintain at the close of business every day, a minimum proportion of their Net Demand and Time Liabilities NDTL as liquid assets in the form of cash, gold and un-encumbered approved securities

Liquidity Ratio (SLR)?

A To meet SLR, commercial banks can use cash only

B SLR is maintained by the banks with themselves

C SLR restricts the banks' leverage in pumping more money into the economy

D Increasing SLR will reduce money in the economy

E None of the Above

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Which statement is NOT correct regarding Statutory

Solution