Cash reserve ratio and statutory liquidity ratio are fixed by the commercial banks themselves

569 viewsDecember 24, 2023Money and Banking True or False

Anurag Pathak28.35K December 24, 2023 0 Comments

True or False with Reasons

Cash reserve ratio and statutory liquidity ratio are fixed by the commercial banks themselves.

Anurag Pathak Changed status to publish December 24, 2023

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Anurag Pathak28.35K Posted December 24, 2023 0 Comments

False,

They are fixed by Central Bank.

Explanation:-

Cash Reserve ratio and statutory liquidity ratio are the components of Legal Reserve Ratio.

These are quantitative tools of monetary policy of central bank to control the money supply and credit creation.

Anurag Pathak Changed status to publish December 24, 2023

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Cash reserve ratio and statutory liquidity ratio are fixed by the commercial banks themselves

1 Answer

Anurag Pathak

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