Economics · Banking Sector Reforms
Which of the following statements is incorrect regarding banking sector reforms in India initiated after 1991?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The Cash Reserve Ratio (CRR) was gradually reduced.
- 2The Statutory Liquidity Ratio (SLR) of banks was increased.✓
- 3The Banking Ombudsman scheme was introduced.
- 4Capital adequacy standards were introduced to be maintained.
Correct answer
The Statutory Liquidity Ratio (SLR) of banks was increased.
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