When the RBI announces increase of the Cash Reserve Ratio, what does i – McqOptions

MCQOPTIONS

1.	When the RBI announces increase of the Cash Reserve Ratio, what does it mean?
A.	The Commercial banks will have less money to lend
B.	The Reserve Bank of India will have less money to lend
C.	The Union Government will have less money to lend
D.	The commercial banks will have more money to lend
Answer» B. The Reserve Bank of India will have less money to lend

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