Q.

The Cash Reserve Ratio is an effective instrument of credit control. Under the RBI Act, 1934 every ______bank has to keep certain minimum cash reserves with RBI:

A. public bank
B. commercial bank
C. industrial and agricultural banks
D. none of these
Answer» B. commercial bank
1.8k
0
Do you find this helpful?
20

View all MCQs in

Business Economics

Discussion

No comments yet