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This question belongs to Abbreviations Finance Abbreviations

Finance Abbreviations

?

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 & Solution

Correct Answer: Option A

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.

Question posted by Examveda

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