Question:
Which of the following is/are NOT CORRECT?
Which of the following is/are NOT CORRECT?
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Updated On: Oct 1, 2024
- Under the Reserve Bank of India Act, 1938, every scheduled bank has to keep certain minimum cash reserves with the RBI
- CRR is the statutory reserve requirements to be kept by every scheduled bank with the RBI
- A higher SLR increases the capacity of commercial banks to grant loans and advances
- A high SLR can be considered as a tax on the banking system
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The Correct Option is A, C
Solution and Explanation
The correct Options are A and C : Under the Reserve Bank of India Act, 1938, every scheduled bank has to keep certain minimum cash reserves with the RBI AND A higher SLR increases the capacity of commercial banks to grant loans and advances
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