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      Question

      Which statement is NOT correct regarding Statutory

      Liquidity Ratio (SLR)?
      A To meet SLR, commercial banks can use cash only Correct Answer Incorrect Answer
      B SLR is maintained by the banks with themselves Correct Answer Incorrect Answer
      C SLR restricts the banks' leverage in pumping more money into the economy Correct Answer Incorrect Answer
      D Increasing SLR will reduce money in the economy Correct Answer Incorrect Answer
      E None of the Above Correct Answer Incorrect Answer

      Solution

      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

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