Question
When RBI announces an increase in Cash Reserve Ratio (CRR) it means:
Answer: Option C
Answer: (c)Cash reserve ratio (CRR) is the amount of funds that the banks have to keep with the RBI. If the central bank decides to increase the CRR, the available amount with the banks comes down.
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Answer: (c)Cash reserve ratio (CRR) is the amount of funds that the banks have to keep with the RBI. If the central bank decides to increase the CRR, the available amount with the banks comes down.
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