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      Question

      The Cash Reserve Ratio (CRR) is the percentage of a

      bank's deposits that it must maintain as reserves with which entity? 1)┬а┬а┬а Reserve Bank of India (RBI) 2)┬а┬а┬а Securities and Exchange Board of India (SEBI) 3)┬а┬а┬а National Payments Corporation of India (NPCI) 4)┬а┬а┬а Indian Banks' Association (IBA) Choose the correct option.
      A 1 only Correct Answer Incorrect Answer
      B 2 and 3 only Correct Answer Incorrect Answer
      C 1 and 4 only Correct Answer Incorrect Answer
      D 1, 2, and 3 only Correct Answer Incorrect Answer
      E 1 and 3 only Correct Answer Incorrect Answer

      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). ┬а

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