What is the full form of CRR?
-
Current Reserve Ratio
-
Cash Restore Ratio
-
Cash Restore Rate
-
Cash Reserve Ratio
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).