Question
Which of the following statements regarding Monetary Policy Instruments of RBI are correct? Repo rate is the interest rate at which RBI lends money to commercial banks. Cash Reserve Ratio (CR
- L that must be maintained in the form of cash reserves.
- R is the percentage of a bank’s total deposits or NDTL that must be kept with the RBI in cash. Statutory Liquidity Ratio (SL
- R is the portion of a bank’s net demand and time liabilities (NDT
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