What is the full form of "CRR"?
A. Cash Reserve Ratio
B. Certified Resource Rate
C. Censored Return Rate
D. Ceiled Rate for Returns
Answer: Option A
Solution (By Examveda Team)
Cash Reserve Ratio (CRR) is the share of a bank's total deposit that is mandated by the Reserve Bank of India (RBI) to be maintained with the latter as reserves in the form of liquid cash.This Question Belongs to Abbreviations >> Finance Abbreviations
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