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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30%
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38.50%
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0.395
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Detailed explanation-1: -At that time, both Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) were extremely high. The SLR was 38.5%, and CRR was 15%.
Detailed explanation-2: -The committee recommended that the higher proportions of the Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) be reduced. At the time, both of these ratios were extremely high. The SLR was 38.5 percent at the time, and the CRR was 15%.
Detailed explanation-3: -The Cash Reserve Ratio (CRR) is the cash ratio of banks total deposits to be maintained with RBI. The CRR had been brought down from 15% in 1991 to 4.1% in June 2003.
Detailed explanation-4: -At the end of March 1991, 90 percent of the assets of the banking system were accounted for by public sector banks, with the private Indian banks accounting for 3.7 percent and foreign banks 6.3 percent. By the end of March 2003, this had changed to 75 percent, 18.5 percent, and 6.9 percent, respectively.