A proportion of the total deposits and reserves of the commercial banks that is to be kept with the Central Bank (RBI) on liquid form as a measure of control of RBI over the Commercial Banks is known as:
A
Bank rate
B
Statutory Liquidity Ratio (SLR)
C
Cash Reserve Ratio (CRR)
D
Mandatory deposit
Correct Answer: Cash Reserve Ratio (CRR)
A proportion of the total deposits and reserves of the commercial banks that is to be kept with the Central Bank (RBI) on liquid form as a measure of control of RBI over the Commercial Banks is known as Cash Reserve Ratio (CRR).