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Quantitative Measures

What is the m...

Question

What is the minimum reserve maintained with the Reserve Bank of India referred to as?

A

Statutory liquidity ratio

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B

Repo rate

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C

Grudit reserve

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D

Cash reserve ratio

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Solution

The correct option is D Cash reserve ratio
The Reserve Bank of India expects all banks to maintain a reserve amount in two accounts, one with the RBI and the other with the bank itself. The minimum reserve held with the RBI is referred to as the cash reserve ratio.

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