McqMate
| Q. |
The Cash Reserve Ratio is a tool of : |
| A. | Monetary policy |
| B. | Tax policy |
| C. | Agricultural policy |
| D. | Fiscal policy |
| Answer» A. Monetary policy | |
|
Explanation: Cash Reserve Ratio (CRR) is a specified minimum fraction of the total depositsof customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank. CRR is a crucial monetary policy tool and is used for controlling money supply in an economy. |
|
View all MCQs in
Economics (GK)No comments yet