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      Question

      From which date the Reserve Bank of India (RBI) has

      increased the CRR by 50 basis points to 4.5%?
      A 21st May 2022 Correct Answer Incorrect Answer
      B 23rd May 2022 Correct Answer Incorrect Answer
      C 25th MAy 2022 Correct Answer Incorrect Answer
      D 26th MAy 2022 Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      The Reserve Bank announced a hike in cash reserve ratio (CRR) by 50 basis points to 4.5 per cent, effective May 21, which will take out Rs 87,000 crore liquidity from the system.

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