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The I-CRR was introduced on August 10, 2023, by the RBI to absorb the surplus liquidity generated by various factors, including the return of Rs 2,000 notes to the banking system. The Reserve Bank of India (RBI) would discontinue the incremental cash reserve ratio (I-CRR) requirement imposed on banks and return the seized funds in phases.Out of the total I-CRR maintained, 25 per cent will be disbursed on September 9, another 25 per cent on September 23, and the remaining on October 7. It was estimated that around Rs 1 trillion worth of liquidity was held due to the I- CRR requirement. During the August review of the monetary policy, the RBI mandated all scheduled banks to maintain an I-CRR of 10 percent on the increase in their net demand and time liabilities (NDTL).
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'A' and 'B' form a partnership with an initial investment of Rs. 2400 and Rs. 8a. After 6 months, 'A' takes out Rs. 400 from his original investment, an...
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A and B entered into a business investing Rs. (x + 77) and Rs. (x – 55) respectively. After one year they invested Rs. 40 more and Rs. 159 more respec...
A and B invest in a business in the ratio 3:5. After 8 months B leaves the business after withdrawing his investment. In the first year the business mad...
In a business, A invested Rs. 1800 more than that by B. After 8 months, A left the business. If at the end of the year, profit earned by B is equal to t...