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    Question

    When RBI raises the Cash reserve Ratio rate what action are the banks required to take?

    A They have to deposit additional money with RBI as reserve money Correct Answer Incorrect Answer
    B Banks are required to increase their lending to the priority sector Correct Answer Incorrect Answer
    C Banks also increase their lending and deposit rates Correct Answer Incorrect Answer
    D All the above Correct Answer Incorrect Answer
    E 1 and 2 Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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