Start learning 50% faster. Sign in now
Cash Reserve Ratio refers to the fraction of the total Net Demand and Time Liabilities (NDTL) of a Scheduled Commercial Bank held in India, that it has to maintain as cash deposit with the Reserve Bank of India (RBI). The requirement applies uniformly to all banks in the country irrespective of an individual bank’s financial situation or size. Traditionally, the amount held to cater to the CRR requirement was stipulated to be no lower than 3 percent and no higher than 20 percent of the total NDTL held in India. However, the RBI (amendment) Act, 2006 provides for removal of the floor and ceiling with respect to setting the CRR and authorizes the RBI to set the ratio in keeping with the broad objective of maintaining monetary stability in the economy.
In reference to Special Officer for Linguistic Minorities, consider the following statements:
1. Originally, the Constitution of India did not pr...
The Indian Councils Act, also known as the Morley-Minto Reforms, was enacted in which year by the British Parliament?
Match the Following Articles of Indian Constitution to their respective Descriptions.
(i) Article 45 (A) Separation of Judiciary from Executive i...
Article 85 of the Indian Constitution deals with which of the following aspects?
Consider the following statements in the context of the Central Information Commission (CIC):
1. The CIC was first constituted as an executive bo...
What is used in nuclear reactor as a moderator. It is also known as Heavy Water?
What is another name for the 1909 Indian Council Act?
Article 27 of the Constitution describes
Which type of city administration controls transitional areas (from rural to urban)
Who was the first woman Chief Minister of an Indian state.