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WBCS Main Examination 2023 — Paper V: Indian Constitution and Economy · Question 141 of 200

Q141
Indian EconomyMoney, Banking & Financial Institutions
What is CRR?
  1. a.Current Repo Rate
  2. b.Cash Reserve Ratio
  3. c.Credit Rating Record
  4. d.Current Review Report

Answer: (B) Cash Reserve Ratio

CRR is the Cash Reserve Ratio — the share of a bank's net demand and time liabilities that it must keep as cash with the RBI. The other expansions are invented.

Q140 Whole paperQ142