Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

What is the full form of "CRR"?

Options:

Cash Requirement Ratio

Cash Registered Ratio

Cash Reserve Ratio

None of the above

Correct Answer:

Cash Reserve Ratio

Explanation:

"CRR" stands for "Cash Reserve Ratio". CRR is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank.