Economy UPPSC 1999 GS-I
Question

Since the economic reforms were launched in India, which one of the following statements is true for Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) of the commercial banks?

Answer & Solution

Answer: (Detailed Solution Below)

Option D:  Both SLR and CRR have been reduced

Detailed Solution:

The correct answer is “ Both SLR and CRR have been reduced”.

Since the economic reforms were launched in India, there has been a general trend of reducing both Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR).

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