Q.

When the Reserve Bank of India announces an increase of the Cash Reserve Ratio, what does it mean ?

[A] The commercial banks will have more money to lend
[B] The commercial banks will have less money to lend
[C] The Reserve Bank of India will have less money to lend
[D] The Union Government will have less money to lend
Answer & Explanation
Option: [B]

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Read More Economics Solved Questions