MCQOPTIONS
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| 1. |
RBI has reduce by one percentage point the Statutory Liquidity Ratio required to be maintained by banks to 23%. In what form is this stipulation reacquired to be fulfilled? |
| A. | Banks are required to keep the amount in approved government securities of the appropriate value |
| B. | The amount to be maintained in cash and securities with RBI |
| C. | The required amount is to be maintained in gold with RBI |
| D. | All of the above |
| E. | None of these |
| Answer» B. The amount to be maintained in cash and securities with RBI | |