Multiple choice general knowledge

What is CRR?

  1. Interest rate for other banks in RBI

  2. Minimum deposit for other banks in RBI

  3. Minimum deposit for customers

  4. Interest Rate for customers
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

CRR (Cash Reserve Ratio) is the minimum percentage of deposits that banks must maintain with the RBI. It's a monetary policy tool, not about interest rates or customer deposits. Option B correctly describes it as a minimum deposit requirement for banks with RBI.

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