Multiple choice

What is the full form of CRR?

  1. Current Reserve Ratio

  2. Cash Restore Ratio

  3. Cash Restore Rate

  4. Cash Reserve Ratio

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

CRR stands for Cash Reserve Ratio - the percentage of deposits that banks must keep with the Reserve Bank. It's a key monetary policy tool. The other options are incorrect - C stands for Cash, R for Reserve, and R for Ratio (not Rate).