Question

    What is the maximum limit of the

    CRR?
    A 15% Correct Answer Incorrect Answer
    B 10% Correct Answer Incorrect Answer
    C 8% Correct Answer Incorrect Answer
    D 12% Correct Answer Incorrect Answer
    E No Maximum limit Correct Answer Incorrect Answer

    Solution

    The minimum CRR level of 3.0 per cent and the maximum CRR level of 20 per cent of total of banks' demand and time liabilities remain as per the extant provisions of Section 42(1) of the Reserve Bank of India Act, 1934. However since 2006 there is no minimum or maximum level of CRR that needs to be fixed by the central bank of India.

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