In India, operative cash reserves are known as:

CRR

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SLR

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Vault cash

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None of these

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Solution

The correct option is C
Vault cash

Vault cash refers to the cash reserves held by the bank itself, over and above the mandated CRR amount.

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Similar questions

Q20) Cash reserve ratio (CRR),Identify the wrong statement

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

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