BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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25%
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40%
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50%
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75%
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Detailed explanation-1: -Required to invest a minimum 75% of its “demand deposit balances” in Statutory Liquidity Ratio (SLR) eligible Government securities/treasury bills with maturity up to one year.
Detailed explanation-2: -So banks have to keep 18% (or whatever the statutory liquidity ratio rate is) of their aggregate deposits with the RBI in the form of liquid securities. As opposed to CRR, in the Statutory Liquidity Ratio, the bank does earn some interest from the government security they invest in.
Detailed explanation-3: -Statutory Liquidity Ratio popularly called SLR is the minimum percentage of deposits that the commercial bank maintains through gold, cash and other securities.
Detailed explanation-4: -The government levies broker fee on the bonds issued to the investors. According to the RBI, the brokerage charges on government bonds will be 6 paise per 100 rupees. Since the minimum value of the investment is Rs 10000, the brokerage charges will be Rs 6.