πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      What is the full form of SLR, an important tool used by RBI

      to control money supply?
      A Statutory Liquidity Reserve Correct Answer Incorrect Answer
      B Stipulated Liquidity Reserve Correct Answer Incorrect Answer
      C Statutory Liquidity Ratio Correct Answer Incorrect Answer
      D Stipulated Liquidity Ratio Correct Answer Incorrect Answer

      Solution

      SLR stands for Statutory Liquidity Ratio. It is a monetary policy tool used by the Reserve Bank of India (RBI) to assess liquidity at banks' disposal. It represents the minimum percentage of deposits that commercial banks must maintain through gold, cash, and other securities. These deposits are maintained by the banks themselves, not with the RBI.

      Practice Next
      ask-question