BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are terms most closely related to which of the following industries/markets?

A	Capital Market
B	Banking industry
C	Commodities market
D	Money Market

Explanation:

Detailed explanation-1: -Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are terms most closely related to which of the following industries/markets? Register now or log in to answer. CRR and SLR are terms related the banking industry and are mostly used for regulate funds.

Detailed explanation-2: -The current SLR rate is 18.00%.

Detailed explanation-3: -SLR stands for Statutory Liquidity Ratio. It is an obligatory reserve that commercial banks must maintain. Commercial banks may maintain this reserve requirement in the form of approved securities per a specific percentage of the net demand and time liabilities.

Detailed explanation-4: -CRR is the deposit banks’ ratio at RBI. SLR is the ratio of the deposit that the bank needs to keep with them. CRR is held in the form of cash. SLR is held in gold, money, and other securities approved by RBI.

Detailed explanation-5: -Detailed Solution. The correct answer is 21.

There is 1 question to complete.