BANK EPFO Stenographer (Group C) Mock Test 2023 General Knowledge Economy Money and Banking

What is Cash Reserve Ratio (CRR)?

1
The fraction of the deposits that commercial banks lend to the customers.
2
The fraction of the deposits that RBI must keep with commercial banks.
3
The fraction of the deposits that commercial banks must keep with RBI.
4
The fraction of the deposits that commercial banks must keep with the central government.
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