MCQOPTIONS
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| 1. |
When the Reserve Bank of India announces an increase in the cash reserve ratio, what does it mean? |
| A. | Commercial bank will have less money to lend |
| B. | Reserve Bank of India will have less money to lend |
| C. | Central government will have less money to lend |
| D. | Commercial banks will have relatively more money to lend |
| Answer» B. Reserve Bank of India will have less money to lend | |