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Indian Economy Questions and Answers for Competitive Exams

Q.

The Government of India made it obligatory on the part of all commercial banks that they should give some cash amount while purchasing Government bonds. What would you call this?

[A] Statutory Liquidity Ratio
[B] Minimum Reserve Ratio
[C] Cash Reserve Ratio
[D] Floating Reserve Ratio

Answer & Explanation

Answer: Option [A]

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