The ratio of total deposits that a Commercial Banks must keep with Reserve Bank of India is called
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Correct Answer: Option C
Detailed Explanation:
Cash Reserve Ratio (CRR) is the percentage of total deposits that commercial banks must maintain as reserves with the Reserve Bank of India (RBI).
Statutory Liquidity Ratio (SLR) requires banks to maintain reserves in liquid assets (gold, government securities) with themselves, not with RBI, while Legal Reserve Ratio is a broader term encompassing both CRR and SLR.
Question 1 of 1 Monetary Policy
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