UPSC Principle and Vice Principle GK/GS Banking, Finance, and Fiscal Policy Part - 1

Which statement best identifies CRR stands for?

Type: MCQ • Marks: 1

A. Capital Return Rate

B. Credit Reserve Rule

C. Cash Reserve Ratio

D. Current Revenue Ratio

Explanation

CRR is the share of specified bank deposits maintained as cash reserves with RBI.

UPSC Principal & Vice Principal GK/GS

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