UPSC Principle and Vice Principle GK/GS Banking, Finance, and Fiscal Policy Part - 2

Which of the following correctly refers to CRR stands for?

Type: MCQ • Marks: 1

A. Credit Reserve Rule

B. Current Revenue Ratio

C. Cash Reserve Ratio

D. Capital Return Rate

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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