![Mcqmate logo](https://mcqmate.com/images/logos/logo-black.png)
![Mcqmate logo](https://mcqmate.com/images/logos/logo-white.png)
McqMate
Q. |
The smaller the Cash Reserve Ratio, the scope for lending by banks is : |
A. | greater |
B. | smaller |
C. | weaker |
D. | lesser |
Answer» A. greater | |
Explanation: Cash Reserve Ratio is a regulation set by Central bank (RBI in India) which dictates the minimum amount (reserves) (hata commercial bank must be held to customer notes and deposits. A decrease in CRR will make it mandatory for the banks to hold a lesser proportion of (heir deposits in the form of deposits with the RBI. |
View all MCQs in
Economics (GK)No comments yet