Economics · Indian Economy
What is the Statutory Liquidity Ratio (SLR)?
- 1The percentage of total deposits that a commercial bank is required to maintain with itself in the form of cash, gold, or government securities.✓
- 2The interest rate at which banks lend to customers.
- 3The rate of gold purchase.
- 4The foreign exchange rate.
Correct answer
The percentage of total deposits that a commercial bank is required to maintain with itself in the form of cash, gold, or government securities.
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