The ratio of total deposits that a commercial bank has to keep with Reserve Bank of India iscalled:( choose the correct alternative)
(a) Statutory liquidity ratio
(b) Deposit ratio
(c) Cash reserve ratio
(d) Legal reserve ratio
Explain, with reasons, whether you Agree or Disagree with the following statements.
Commercial banks provide many general utility services.
Explain the process of credit creation by commercial banks.
Explain the components of Legal reserve Ratio.