Question
Economics Question on Basic Banking Concepts
Cash Reserve Ratio (CRR) is :
A
Percentage of deposits a bank keeps as cash reserve
B
Some reserves to keep in liquid form by Reserve Bank of India
C
Sum of Reserves and Loans by the Commercial Bank
D
The people keep as deposits in the house
Answer
Percentage of deposits a bank keeps as cash reserve
Explanation
Solution
The correct option is (A) :Percentage of deposits a bank keeps as cash reserve.