Question
General Knowledge Question on General Knowledge Based
If recession is to be combatted:
A
Bank rate needs to be lowered
B
CRR needs to be lowered
C
Bank rate and CRR needs to be lowered
D
Repo rate needs to be lowered and CRR need to be raised
Answer
Bank rate and CRR needs to be lowered
Explanation
Solution
The correct answer is(C): Bank rate and CRR needs to be lowered