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      Question

      The reserves held by Commercial Banks over and above

      the statutory minimum, with the RBI are called? 
      A Plus Reserves Correct Answer Incorrect Answer
      B Monetary reserves Correct Answer Incorrect Answer
      C Extra-statutory reserve Correct Answer Incorrect Answer
      D Excess reserves Correct Answer Incorrect Answer
      E There is no such term Correct Answer Incorrect Answer

      Solution

      In banking, excess reserves are bank reserves in excess of a reserve requirement set by a central bank.

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