Question

    From which date the Reserve Bank of India (RBI) has

    increased the CRR by 50 basis points to 4.5%?
    A 21st May 2022 Correct Answer Incorrect Answer
    B 23rd May 2022 Correct Answer Incorrect Answer
    C 25th MAy 2022 Correct Answer Incorrect Answer
    D 26th MAy 2022 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Reserve Bank announced a hike in cash reserve ratio (CRR) by 50 basis points to 4.5 per cent, effective May 21, which will take out Rs 87,000 crore liquidity from the system.

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