Banking - Definition of CRR
CMAT 2019 · General Knowledge · Easy · Banking
The CRR in banking parlance means the following :
- A.
Corporate Reserve Ratio
- B.
Current Reserve Ratio
- C.
Cash Reserve Ratio
- D.
Custom Reserve Ratio
Answer
C
Explanation
CRR stands for Cash Reserve Ratio, which is the minimum percentage of total deposits that commercial banks must keep with the RBI.
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