Question

    Recently RBI has decided to change CRR to _____

    effective from the fortnight beginning May 21, 2022.
    A 4.6% Correct Answer Incorrect Answer
    B 4.5% Correct Answer Incorrect Answer
    C 4% Correct Answer Incorrect Answer
    D 5% Correct Answer Incorrect Answer
    E 4.25% Correct Answer Incorrect Answer

    Solution

    Reserve Bank of India (RBI) Governor Shaktikanta Das announced that it has been decided to increase the cash reserve ratio (CRR) by 50 basis points to 4.5 per cent of net demand and time liabilities (NDTL), effective from the fortnight beginning May 21, 2022.

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