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    Question

    The reserves held by Commercial Banks over and above

    the statutory minimum, with the RBI are called?┬а
    A Plus Reserves Correct Answer Incorrect Answer
    B Monetary reserves Correct Answer Incorrect Answer
    C Extra-statutory reserve Correct Answer Incorrect Answer
    D Excess reserves Correct Answer Incorrect Answer
    E There is no such term Correct Answer Incorrect Answer

    Solution

    In banking, excess reserves are bank reserves in excess of a reserve requirement set by a central bank.┬а

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