Multiple Choice Questions on If bank is failed to maintain its CRR Cash Reserve Ratio then RBI has the the authority to impose pe........... for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

If bank is failed to maintain its CRR Cash Reserve Ratio then RBI has the the authority to impose pe...........

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    If bank is failed to maintain its CRR(Cash Reserve Ratio), then RBI has the the authority to impose penalty on the bank at :

    3 % of Bank rate

    Correct Answer

    2 % of Bank rate

    Incorrect Answer

    3% of Repo Rate

    Incorrect Answer

    2% of Repo Rate

    Incorrect Answer
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    Explanation:

    In case of failure to maintain CRR, a penalty of 3% more than bank rate will be imposed.

    By: Vishal
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