English

Ms. Sakshi, an economics teacher, was explaining the concept of ‘minimum percentage of the total deposits to be kept by any commercial bank with the Central Bank of the country,

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Question

Ms. Sakshi, an economics teacher, was explaining the concept of ‘minimum percentage of the total deposits to be kept by any commercial bank with the Central Bank of the country, as per norms and statute prevailing in the country. From the following, choose the correct alternative which specifies the concept explained by her?

Options

  • Cash Reserve Ratio

  • Repo Rate

  • Bank Rate

  • Statutory Liquidity Ratio

MCQ
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Solution

Cash Reserve Ratio

shaalaa.com
Cash Reserve Ratio (CRR)
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Chapter 8: Central Bank - Exercise [Page 188]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 8 Central Bank
Exercise | Q 25. | Page 188
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