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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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