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      Question

      What was mandated by the RBI during the August review of

      monetary policy in relation to banks?
      A Maintain a 5 percent I-CRR on their net demand and time liabilities (NDTL). Correct Answer Incorrect Answer
      B Maintain a 7 percent I-CRR on the increase in their net demand and time liabilities (NDTL). Correct Answer Incorrect Answer
      C Maintain an I-CRR of 10 percent on their net demand and time liabilities (NDTL). Correct Answer Incorrect Answer
      D Remove the requirement for I-CRR altogether. Correct Answer Incorrect Answer
      E Reduce the I-CRR to 2 percent on their net demand and time liabilities (NDTL). Correct Answer Incorrect Answer

      Solution

      During the August review of the monetary policy, the RBI mandated all scheduled banks to maintain an I-CRR of 10 percent on the increase in their net demand and time liabilities (NDTL).

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