Question
Which among the following statements is incorrect in regards to the Statutory liquid ratio?
- Statutory liquid ratio refers to the amount that the commercial banks require to maintain in the form of cash, or gold or govt. approved securities before providing credit to the customers
- Statutory liquid ratio is determined and maintained by RBI in order to control the expansion of bank credit
- At present, the SLR is 4%
- It is determined as percentage total demand and percentage of time liabilities
Answer: Option B
Answer: (b)
At present, the SLR is 18.00%
Was this answer helpful ?
Answer: (b)
At present, the SLR is 18.00%
Was this answer helpful ?
More Questions on This Topic :
Question 6. Taxes on professions can be levied by :....
Question 7. Plan expenditure in India is met by-....
Latest Videos
Latest Test Papers
Submit Solution