Economics · Banking and Monetary Policy
What does Cash Reserve Ratio (CRR) refer to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1None of these
- 2The funds that commercial banks distribute as loans
- 3The cash reserves that commercial banks must maintain with themselves
- 4The minimum percentage of cash deposits that commercial banks must keep with the Reserve Bank of India✓
Correct answer
The minimum percentage of cash deposits that commercial banks must keep with the Reserve Bank of India
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