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An announcement by RBI for increase in Cash Reserve Ratio (CRR) means?

Options

A.Commercial banks will have less money to lend
B.Commercial banks will have more money to lend
C.Commercial banks will have more gold deposits with RBI
D.RBI will have less money to lend

Correct Answer

A. Commercial banks will have less money to lend

Exam
Bihar CGL
Language
English
Subject
Economics
Topic
Banking & Finance
Year
2022
Difficulty
1/5
Section
General Studies

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