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1 mark

The cash reserve ratio as on November 2018 set by RBI is _________ percent.

  1. A
    5
  2. B
    6
  3. C
    4
  4. D
    7

Solution & Step-by-step Explanation

The Cash Reserve Ratio (CRR) is the specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the RBI. As of November 2018, the RBI kept the CRR unchanged at 4 percent.

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The cash reserve ratio as on November 2018 set by RBI is _________ percent.
A
5
B
6
C
4
D
7

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EconomicsBankingRBI Monetary Policy

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