Q: A bank generated savings credit of ₹1,600 crore in the first round from a savings deposit of ₹2,000 crore. What is the Cash Reserve Ratio fixed by the Central Bank?
(a)5%
(b)10%
(c)20%
(d)25%
Correct Answer: (c)
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Q: A bank generated savings credit of ₹1,600 crore in the first round from a savings deposit of ₹2,000 crore. What is the Cash Reserve Ratio fixed by the Central Bank?
Correct Answer: (c)