What is the CRR i It is a percentage of bank deposits that they keep with the RBI as Gold deposit on...........

Professional Legal Knowledge RBI Act

What is the CRR?

i) It is a percentage of bank deposits that they keep with the RBI as Gold deposit only

ii) It is a deposit made by banks with RBI in form of reserve or balances

Only i

Only ii

Both i and ii

None of the above

Cash reserve ratio is a certain percentage of bank deposits which banks are required to keep with RBI in the form of reserves or balances.

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