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The fraction of deposits kept as Cash Reserves by the commercial banks with themselves is called
  • a)
    CRR
  • b)
    LLR
  • c)
    RR
  • d)
    SLR
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
The fraction of deposits kept as Cash Reserves by the commercial banks...
Statutory liquidity ratio is that ratio which is determined by RBI for all commercial banks according to this ratio banks must have to keep money in this ratio always in bank so that customer can withdraw money anytime.
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The fraction of deposits kept as Cash Reserves by the commercial banks with themselves is calleda)CRRb)LLRc)RRd)SLRCorrect answer is option 'D'. Can you explain this answer?
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