Question
The Cash Reserve Ratio (CRR) is revised by RBI to
improve liquidity. Which of the following correctly describes the CRR? ÂSolution
CRR, or Cash Reserve Ratio, is the percentage of a bank's total deposits that they are required to keep with the Reserve Bank of India (RBI) as reserves . The minimum CR requirement is specified by RBI which is a percentage of the Net Demand and Time Liabilities (NDTL) of the bank.  Banks can not lend the CRR money to corporates or individual borrowers, nor use that money for investment purposes. Banks do n o t earn any interest on that CRR.
 The work of one clerk is automatically check by another clerk is called _________.
What is the key function of a Letter of Credit (LC) in international trade?
Compute material purchased from the given information.
Opening stock of raw material = Rs. 1,00,000
Prime cost = Rs. 10,00,000
Dire...
A MSME start-up is eligible for priority sector loan of up to Rs. _________
What is the concessional rate of interest applicable under the Differential Rate of Interest (DRI) Scheme?
According to RBI guidelines, what is the maximum loan limit per individual against shares, debentures, and bonds?
Which of the following is a depreciation method that is not commonly used?
What is the main purpose of the Central KYC Records Registry (CKYCR) in India?
Input Tax Credit (ITC) under GST can be claimed by a registered person on:
What is the purpose of performing Due Diligence by banks under KYC norms?
