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    Question

    How many basis points represent the current Cash Reserve

    Ratio (CRR) set by the RBI?
    A 3.5% Correct Answer Incorrect Answer
    B 4.5% Correct Answer Incorrect Answer
    C 5.5% Correct Answer Incorrect Answer
    D 6.5% Correct Answer Incorrect Answer
    E 7.5% Correct Answer Incorrect Answer

    Solution

      The current Cash Reserve Ratio (CRR), as set by the RBI, is 4.5%, which is the minimum fraction of a commercial bank’s total deposits it must hold as reserves.

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