Multiple choice

What is the CRR minimum limit for a commercial bank to be deposited with RBI?

  1. 3%

  2. 10%

  3. 5%

  4. 6%
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A Correct answer
Explanation

The Cash Reserve Ratio (CRR) is the minimum fraction of deposits that banks must maintain with the RBI. The minimum CRR limit for commercial banks in India has been 3%. This is a monetary policy tool used by the central bank to control liquidity and inflation in the economy.

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