RBI is empowered to prescribe Cash Reserve Ratio ranging between?

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Q 1557001884.     RBI is empowered to prescribe Cash Reserve Ratio ranging between?



A

five per cent to twenty per cent of net demand and time liabilities

B

RBI is empowered to vary CRR between 15 percent and 3 percent

C

three per cent to forty per cent of net demand and time liabilities

D

One 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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