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    Question

    The Cash Reserve Ratio (CRR) is the percentage of a

    bank's deposits that it must maintain as reserves with which entity? 1)    Reserve Bank of India (RBI) 2)    Securities and Exchange Board of India (SEBI) 3)    National Payments Corporation of India (NPCI) 4)    Indian Banks' Association (IBA) Choose the correct option.
    A 1 only Correct Answer Incorrect Answer
    B 2 and 3 only Correct Answer Incorrect Answer
    C 1 and 4 only Correct Answer Incorrect Answer
    D 1, 2, and 3 only Correct Answer Incorrect Answer
    E 1 and 3 only Correct Answer Incorrect Answer

    Solution

    The Cash Reserve Ratio (CRR) is the percentage of a bank's deposits that it must maintain as reserves with the Reserve Bank of India (RBI).  

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