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.

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UPSC Principal & Vice Principal GK/GS

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