Question
In the context of Indian economy, which of the following
is/are the purpose/purposes of ‘Statutory Reserve Requirements’? 1. To enable the Central Bank to control the amount of advances the banks can create 2. To make the people’s deposits with banks safe and liquid 3. To prevent the commercial banks from making excessive profits 4. To force the banks to have sufficient vault cash to meet their day-to-day requirements Select the correct answer using the code given below.Solution
1 is definitely correct as CRR. SLR is used to control money supply and credit off take. 2 may or may not be correct, to make people's deposit safe, capital adequacy ratio is the norm. 3 is definitely wrong as to control excess profit, margins would have to be reduced, not CRR, SLR.
From which country are the 'Fundamental Duties of the Indian Constitution borrowed?
Which rare high-altitude butterfly, recently sighted and photographed for the first time in Himachal Pradesh, belongs to the species "Dusted Apollo" (Pa...
Which river was known as the ‘Sorrow of Bengal’?
How many matches will be played in total by all the team in World Cup 2023?
Which type of insurance policy that covers property that is easily movable and provides additional coverage over what normal insurance policies do not?
Tata Steel Ltd has planned capital expenditure (capex) of Rs ________ crore for 2022-23.
The number of Pawn in chess is_______.
Right to privacy as a Fundamental Right is implied in ________.
Which of the following Indian states is/are Border States of Manipur?
I) Nagaland
II) Assam
III) Mizoram
IV) Arunachal Pradesh
V) Meghalaya
Which of the following airports of India had won 'Covid champion' award at Wings India 2022?
