Question

Which of the following was the main objective of the

Q: Answer-Which of the following was the main objective of the Reserve Bank of India to introduce ‘Incremental...

The Reserve Bank of India has decided to discontinue the incremental Cash Reserve Ratio I-CRR in a phased manner. The I-CRR was introduced on August 10, 2023, by the RBI to absorb the surplus liquidity generated by various factors, including the return of Rs 2,000 notes to the banking system.

Reserve Bank of India to introduce ‘Incremental cash reserve ratio (I-CRR)’?

A To enhance the monitoring of governance of banks placed under Prompt Corrective Action (PCA) framework

B To absorb excess liquidity from the banking system.

C To encourage savings.

D None of the above

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Which of the following was the main objective of the

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