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With reference to Cash Reserve Ratio (CRR) in India, consider the following statements:1. It is a monetary policy tool used by RBI to control the liquidity in the banking sector.2. Banks earn a certain amount of return on money reserved as CRR.3. The CRR requires every commercial bank to have reserves in terms of cash and gold.Which of the statements given above is/are correct?a)1 onlyb)1and 2 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Cash Reserve Ratio (CRR) in India, consider the following statements:1. It is a monetary policy tool used by RBI to control the liquidity in the banking sector.2. Banks earn a certain amount of return on money reserved as CRR.3. The CRR requires every commercial bank to have reserves in terms of cash and gold.Which of the statements given above is/are correct?a)1 onlyb)1and 2 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Cash Reserve Ratio (CRR) in India, consider the following statements:1. It is a monetary policy tool used by RBI to control the liquidity in the banking sector.2. Banks earn a certain amount of return on money reserved as CRR.3. The CRR requires every commercial bank to have reserves in terms of cash and gold.Which of the statements given above is/are correct?a)1 onlyb)1and 2 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer?.

Solutions for With reference to Cash Reserve Ratio (CRR) in India, consider the following statements:1. It is a monetary policy tool used by RBI to control the liquidity in the banking sector.2. Banks earn a certain amount of return on money reserved as CRR.3. The CRR requires every commercial bank to have reserves in terms of cash and gold.Which of the statements given above is/are correct?a)1 onlyb)1and 2 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of With reference to Cash Reserve Ratio (CRR) in India, consider the following statements:1. It is a monetary policy tool used by RBI to control the liquidity in the banking sector.2. Banks earn a certain amount of return on money reserved as CRR.3. The CRR requires every commercial bank to have reserves in terms of cash and gold.Which of the statements given above is/are correct?a)1 onlyb)1and 2 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of With reference to Cash Reserve Ratio (CRR) in India, consider the following statements:1. It is a monetary policy tool used by RBI to control the liquidity in the banking sector.2. Banks earn a certain amount of return on money reserved as CRR.3. The CRR requires every commercial bank to have reserves in terms of cash and gold.Which of the statements given above is/are correct?a)1 onlyb)1and 2 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for With reference to Cash Reserve Ratio (CRR) in India, consider the following statements:1. It is a monetary policy tool used by RBI to control the liquidity in the banking sector.2. Banks earn a certain amount of return on money reserved as CRR.3. The CRR requires every commercial bank to have reserves in terms of cash and gold.Which of the statements given above is/are correct?a)1 onlyb)1and 2 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of With reference to Cash Reserve Ratio (CRR) in India, consider the following statements:1. It is a monetary policy tool used by RBI to control the liquidity in the banking sector.2. Banks earn a certain amount of return on money reserved as CRR.3. The CRR requires every commercial bank to have reserves in terms of cash and gold.Which of the statements given above is/are correct?a)1 onlyb)1and 2 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice With reference to Cash Reserve Ratio (CRR) in India, consider the following statements:1. It is a monetary policy tool used by RBI to control the liquidity in the banking sector.2. Banks earn a certain amount of return on money reserved as CRR.3. The CRR requires every commercial bank to have reserves in terms of cash and gold.Which of the statements given above is/are correct?a)1 onlyb)1and 2 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.