____ is fixed by Reserve Bank of India
____ is fixed by Reserve Bank of India.
(a) Statutory Liquidity Ratio
(b) Cash Reserve Ratio
(c) Both (a) and (b)
(d) None of these
Anurag Pathak Changed status to publish January 3, 2024
Ans – (c)
Explanation:-
Both Statutory Liquidity Ratio and Cash Reserve Ratio are fixed by the Reserve Bank of India.
Both are the tools of Monetary policy to control the money supply in the country.
The RBI is the apex body and has the right to regulate the money and credit supply in the country.
By reducing and increasing the rate of SLR and CRR. the RBI can increase and decrease the money supply.
Anurag Pathak Changed status to publish January 3, 2024
