Sports GK Questions and Answers 2024 (Latest Updated)

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Question

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]
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