A scheduled bank is required to maintain with RBI ________ at a prescribed percentage of their total time and demand deposit.

SLR

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CRR

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Statutory reserve

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Branch adjustment

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Solution

The correct option is B CRR
Under CRR a certain percentage of the total bank deposits has to be kept in the current account with RBI which means banks do not have access to that much amount for any economic activity or commercial activity.

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