Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

Where does the bank deposit its "CRR"?

Options:

Reserve Bank of India

State Bank of India

Hold it with themselves

In the form of treasury bills

Correct Answer:

Reserve Bank of India

Explanation:

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.