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Question

Which of the following is governed by the provisions of Section 42 (1) of the Reserve Bank of India Act, 1934?

A

Bank rate

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B
Reverse Repo Rate
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C
SLR
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D
CRR
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E
MSF
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Solution

The correct option is D CRR

CRR is governed by the provisions of Section 42 (1) of the Reserve Bank of India Act, 1934.


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