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Question
Banks in India these days, hold about ___ percent of their deposit as cash.
Banks in India these days, hold about ___ percent of their deposit as cash.
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Solution
The correct option is D 4
B.The minimum percentage of their
deposits, that banks held with them in the form of cash is known as cash
reserve ratio (CRR). The rate of CRR is decided by Reserve Bank of India from
time to time. The current rate of CRR is around 4 percent.
B.
The minimum percentage of their deposits, that banks held with them in the form of cash is known as cash reserve ratio (CRR). The rate of CRR is decided by Reserve Bank of India from time to time. The current rate of CRR is around 4 percent.
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