Economics · Monetary Policy
Prior to the removal of the statutory limits by the RBI Act amendment in 2006, within which range could the RBI vary the Cash Reserve Ratio (CRR)?
- 1Between 0% and 10%
- 2Between 15% and 40%
- 3Between 5% and 20%
- 4Between 3% and 15%✓
Correct answer
Between 3% and 15%
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