Question

What is NOT correct about CRR (Cash Reserve Ratio)?
i. The CRR is determined by a percentage of Net Demand and Time Liabilities
ii. Investments in Cash, Gold and approved Government Securities are counted for CRR
iii. Maximum limit of CRR is 20% and minimum is 3%.

A Only i & ii
B Only i & iii
C Only i
D Only ii
E None of these
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