CRR - Banking awareness questions on current affairs

1)   What is the full form of CRR?

a. Cash Reserve Rate
b. Cash Reserve Ratio
c. Cash Recession Ratio
d. Core Reserve Rate
Answer  Explanation 

ANSWER: Cash Reserve Ratio

Explanation:
Cash Reserve Ratio is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves with the central bank.

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