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Question
That portion of total deposit which a commerical bank has to keep with itself in the form of eligible securities is called _________.
That portion of total deposit which a commerical bank has to keep with itself in the form of eligible securities is called _________.
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Solution
The correct option is B SLR
Statutory Liquidity Ratio (SLR) refers to liquid assets that the commercial banks must hold on daily basis as a percentage of their total deposits. SLR is determined by the central bank and is a legal requirement to be fulfilled by the commercial banks. It includes 1. Cash 2. Gold 3. Unencumbered approved securities
Statutory Liquidity Ratio (SLR) refers to liquid assets that the commercial banks must hold on daily basis as a percentage of their total deposits. SLR is determined by the central bank and is a legal requirement to be fulfilled by the commercial banks. It includes
1. Cash
2. Gold
3. Unencumbered approved securities
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