RBI has reduce by one percentage point the Statutory Liquidity Ratio required to be maintained by banks to 23%. In what

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Q 1517101989.     RBI has reduce by one percentage point the Statutory Liquidity Ratio required to be maintained by banks to 23%. In what form is this stipulation reacquired to be fulfilled?



A

Banks are required to keep the amountin approved government securities of the appropriate value

B

The amount to be maintained in cash and securities with RBI

C

The required amount is to be maintained in gold with RBI

D

All of the above

E

None of the above

HINT

Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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