Question

What is the Cash Reserve Ratio (CRR)?

A the fraction of the deposits that commercial banks lend to the customers Correct Answer Incorrect Answer
B the fraction of the deposits that RBI must keep with commercial banks Correct Answer Incorrect Answer
C the fraction of the deposits that commercial banks must keep with RBI Correct Answer Incorrect Answer
D none of the above Correct Answer Incorrect Answer
E all of the above Correct Answer Incorrect Answer

Solution

Cash Reserve Ratio (CRR) is the fraction of the deposits that commercial banks must keep with RBI

Practice Next
×
×