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Indian Banking and Financial System

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Which of the following statements is incorrect regarding RRB?

  1. These banks are exempted from maintenance of SLR and CRR
  2. These banks can do non-fund based business
  3. These banks can invest in shares and debentures of companies
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A
1
💡 Explanation:

Statement 1 is incorrect because RRBs are not exempted from maintaining SLR (Statutory Liquidity Ratio) and CRR (Cash Reserve Ratio); they are required to maintain these like other scheduled commercial banks.

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