BANK Union Bank of India Local Bank Officer Mock Test 2024 General Knowledge Economy Money and Banking
Which of the following is not correct regarding the Cash Reserve Ratio (CRR)?
1
It helps in regulating liquidity in market.
2
Banks are not allowed to use the money reserved as CRR.
3
It is maintained by banks itself.
4
RBI decreases CRR to increase money supply in market
5
None of the above