Question

Consider the following statements with regard to

Q: Answer-Consider the following statements with regard to Statutory Liquidity Ratio (SLR); 1. To meet SLR, Co...

SLR used by bankers indicates the minimum percentage of deposits that the banks have to maintain in the form of gold, cash or other approved government securities.

Statutory Liquidity Ratio (SLR); 1. To meet SLR, Commercial banks can use cash only. 2. SLR is maintained by the banks with themselves. 3. SLR restricts the banks leverage in pumping more money into the economy. Which of the statements given above is/are correct?

A 1, 2 and 3

B 1 and 3

C 2 and 3

D only 2

E None of the above

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Consider the following statements with regard to

Solution