state gov APPSC (ఆంధ్రప్రదేశ్) Group 2 (Pre + Mains) Mock Test 2023 Current Affairs Business and Economy
Consider the following statements:
1. Higher Cash Reserve Ratio (CRR) reduces the funds available for lending.
2. The liquid assets maintained under Statutory Liquidity Ratio (SLR) cannot include cash or gold.
3. Repo Rate is the rate at which the RBI lends money to commercial banks, typically for a short-term period to meet liquidity needs.
Which of the statements given above is/are correct?
1
1 and 2 only
2
1 and 3 only
3
2 and 3 only
4
1, 2, and 3