state gov AP Police SI (Pre+Mains) Mock Test 2022 Current Affairs Business and Economy Banking Affairs
Which of the following statement is correct?
1
RBI Governor Shaktikanta Das announced that the requirement for a 10% ICRR was a permanent measure.
2
The phased release plan of the Incremental Cash Reserve Ratio (I-CRR) by the RBI starts with releasing 50% on September 9, 25% on September 23, and 25% on October 7.
3
The announcement of removal of the I-CRR led to the Bank Nifty index trading 0.61% lower.
4
The purpose behind discontinuation of the I-CRR was to prevent system liquidity from being subjected to sudden shocks and ensuring that money markets function in an orderly manner.