MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Ratios and OMO

For Cash rese...

Question

For Cash reserve ratio (CRR) requirements, banks have to keep/maintain

A

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Both A and B

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

a portion of its deposits, as cash or balance with itself

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

a portion of its deposits, as cash or balance with RBI

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D
a portion of its deposits, as cash or balance with RBI

For Cash reserve ratio (CRR) requirements, banks have to keep/maintain a portion of its deposits, as cash or balance with RBI.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Cash reserve Ration (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank of a country. CRR ___

Cash reserve ratio (CRR) affects the lending capacity of banks.

Q. What is the term used for the ratio of the Cash Reserves that the banks are required to keep with the RBI?

Q. When the Reserve Bank of India announces an increase in the Cash Reserve Ratio (CRR)? What does it mean?

Q. Assertion :CRR is the abbreviation for Central Reserve Requirement. Reason: CRR is managed by the Reserve Bank of India.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Ratios and OMO

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon