Which of the following reserves is kept with the commercial banks?

Statutory Liquidity Ratio

The correct answer is Option 1: Statutory Liquidity Ratio

SLR is the minimum percentage of deposits that a commercial bank has to maintain in the form of liquid cash, gold or other securities. It is kept with the commercial bank itself. Whereas, CRR is required to be deposited with RBI.

Cash Reserve Ratio (CRR): This is the portion of a commercial bank's net demand and time liabilities that must be kept with the central bank (such as the RBI) in the form of cash.

Minimum Reserve Ratio and Monetary Reserve Ratio are not standard terms.