SSC (English Medium) Class 10th Board ExamMaharashtra State Board
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SSC (English Medium) Class 10th Board Exam - Geography and Economics: Measures of Inflation - Measures of Inflation

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Question

What is meant by ‘Cash Reserve Ratio’?

Solution

Cash reserve ratio (CRR) means the minimum percentage of a bank’s total deposits necessary to be kept with the central bank. Commercial banks need to maintain with the central bank a certain percentage of their deposits in the form of cash reserves. The central bank can vary the CRR between 3% and 15%.

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APPEARS IN

 2015-2016 (March) (with solutions)
Question 6.2 | 2.00 marks
 2014-2015 (March) (with solutions)
Question 6.3 | 2.00 marks
Solution Concept: Measures of Inflation.
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