As part of Banking Sector Reforms in 1991, CRR and SLR were -

Increased

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Reduced

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Maintained at constant level

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None of the above

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Solution

The correct option is C Reduced
In the banking sector reforms, the policy of liberalization aim at decreasing the cash reserve ratio and statutory liquidity ratio of the bank so that banks can operate freely on the credit creating process and money supply could restored again in the economy.

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