Other name for legal reserve requirement is ________________.

Cash reserve ratio

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

Statutory liquidity ratio

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

Variable reserve ratio

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

Bank rate

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

Open in App

Solution

The correct option is C Variable reserve ratio
The variable reserve ratio is a new method of credit control used by central banks in recent times. The variable reserve ratio device springs from the fact that central bank, as a Bankers Bank, must hold a part of the cash reserves of commercial banks.

Suggest Corrections

Similar questions

A. Consignment Stock A/c To Stock Reserve A/c	Dr.
B. Consignment A/c To Stock Reserve A/c	Dr.
C. Stock Reserve A/c To Consignment A/c	Dr.
D. Stock Reserve A/c To Consignment Stock A/c	Dr.

Revenue reserve is a reserve created out of ______

Join BYJU'S Learning Program