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How much interest is paid by the RBI on the money deposited under the CRR measure?
  • a)
    Equal to the rate of CRR
  • b)
    More than the CRR
  • c)
    Less than the CRR
  • d)
    No interest is paid by the RBI
Correct answer is option 'D'. Can you explain this answer?
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How much interest is paid by the RBI on the money deposited under the ...
No interest is paid by the RBI on the money deposited under the CRR measure
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How much interest is paid by the RBI on the money deposited under the ...
CRR is the minimum amount of reserves that must be held by a commercial bank. Reserves are not for income generation
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How much interest is paid by the RBI on the money deposited under the CRR measure?a)Equal to the rate of CRRb)More than the CRRc)Less than the CRRd)No interest is paid by the RBICorrect answer is option 'D'. Can you explain this answer?
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