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Quantitative Aptitude

Ratio & Proportion

What is the C...

Question

What is the Cash Reserve ratio fixed by Reserve bank of India announced during Second Bi- Monthly monetary Policy for the FY 2016-17?

A

4 %

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B

4.1 %

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C

4.5 %

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D

5 %

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E

5.2 %

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Solution

The correct option is A $4 %$
Mumbai headquartered Reserve Bank of India announced Second Bi-Monthly Monetary policy for the year financial year 2016-17 and keeping unchanged the Policy rates and Reserve ratios. Repo rate and Cash Reserve Ratio unchanged at $6.50 %$ and $4 %$ respectively.

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