Question
The Cash Reserve Ratio (CRR) is the percentage of a
bank's deposits that it must maintain as reserves with which entity? 1)Â Â Â Reserve Bank of India (RBI) 2)Â Â Â Securities and Exchange Board of India (SEBI) 3)Â Â Â National Payments Corporation of India (NPCI) 4)Â Â Â Indian Banks' Association (IBA) Choose the correct option.Solution
The Cash Reserve Ratio (CRR) is the percentage of a bank's deposits that it must maintain as reserves with the Reserve Bank of India (RBI). Â
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