Economics · Banking and Monetary Policy
Cash Reserve Ratio (CRR) refers to ______.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A proportion of cash advanced by the Reserve Bank of India to commercial banks
- 2A proportion of deposits that can be lent to borrowers by commercial banks
- 3A proportion of deposits that commercial banks must keep with the Reserve Bank of India✓
- 4A proportion of deposits that should be kept with commercial banks themselves
Correct answer
A proportion of deposits that commercial banks must keep with the Reserve Bank of India
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