Statutory liquidity ratio (SLR) of commercial banks means?

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Q 1588145007.     Statutory liquidity ratio (SLR) of commercial banks means?

A

The percentage of cash that banks keep with them under rules

B

The bank rate which is reference rate also

C

Every bank is required to maintain at the close of business every day, a minimum proportion of their Net Demand and Time Liabilities as liquid assets in the form of cash, gold and un-encumbered approved securities

D

The rate at which central bank of the country (in India it is RBI) allows finance to commercial banks

HINT


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

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