Question : The Central Bank may reduce Cash Reserve Ratio
Option 1: To encourage investment in the economy
Option 2: To decrease the investment in economy
Option 3: To increase the exchange rate
Option 4: To decrease the exchange rate
Answer (1)
6th Jan, 2024
Correct Answer:
To encourage investment in the economy
Solution :
To encourage investment in the economy, the Central Bank may Reduce Cash Reserve Ratio.
Hence option A is correct
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