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.

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UPSC Principal & Vice Principal GK/GS

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