GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Statutory Bank Ratio (SBR)
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Statutory Liquid Ratio (SLR)
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Central Bank Reserve (CBR)
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Central Liquid Reserve (CLR)
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Detailed explanation-1: -This is called SLR (Statutory Liquid Ratio). SLR-is the portion of funds which banks are required to maintain in the form of cash, gold reserves, the government approved securities before providing credit to the customers.
Detailed explanation-2: -All Scheduled Commercial Banks are at present required to maintain with Reserve Bank of India a Cash Reserve Ratio (CRR) of 5.00 per cent of the Net Demand and Time Liabilities (NDTL) (excluding liabilities subject to zero CRR prescriptions) under Section 42(1) of the Reserve Bank of India Act, 1934.
Detailed explanation-3: -CRR – Meaning As mentioned above, CRR stands for Cash Reserve Ratio. It is a compulsory reserve that the central bank of the country – The Reserve Bank of India (RBI), must maintain.