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Question : In the context of the Indian banking system, the "Cash Reserve Ratio" is decided by_____________.

Option 1: The Reserve Bank of India

Option 2: The Ministry of Corporate Affairs

Option 3: Individual banks

Option 4: The Ministry of Finance


Team Careers360 9th Jan, 2024
Answer (1)
Team Careers360 12th Jan, 2024

Correct Answer: The Reserve Bank of India


Solution : The correct answer is the Reserve Bank of India .

The Reserve Bank of India has mandated the Cash Reserve Ratio or CRR. The Monetary Policy Committee of the RBI established CRR. The "Cash Reserve Ratio" (CRR) is the minimum amount of deposits that each commercial bank in India must maintain as a reserve, as mandated by the RBI. The RBI guidelines will be followed when setting the CRR.

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