Mathematics · Banking and Monetary Policy
Which of the following correctly defines the Cash Reserve Ratio (CRR)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The proportion of cash held by an individual relative to their bank deposits.
- 2The total liquid cash balance a commercial bank holds in its vault at any point in time.
- 3Minimum percentage of a bank's total Net Demand and Time Liabilities (NDTL) that commercial banks are required to keep as cash with RBI.✓
- 4Minimum percentage of a bank's total demand deposits that scheduled commercial banks must keep with RBI.
Correct answer
Minimum percentage of a bank's total Net Demand and Time Liabilities (NDTL) that commercial banks are required to keep as cash with RBI.
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