🎴 Flashcard Mode
Statutory Liquidity Ratio (SLR)
Card1 / 15
Mastered0
Review0
QuestionClick to flip
What is the primary objective of Statutory Liquidity Ratio (SLR)?
AnswerClick to flip back
A
To ensure financial stability
💡 Explanation:
SLR is a monetary policy tool used by the Reserve Bank of India (RBI) to ensure financial stability by requiring banks to maintain a certain percentage of their deposits in liquid assets.