Question : Which of the following statements is correct regarding the bank reserves? I. These reserves are kept partly as cash and partly in the form of financial instruments. II. Cash Reserves Ratio are deposits that commercial banks keep with the Reserve Bank of India.
Option 1: Only II
Option 2: Both I and II
Option 3: Only I
Option 4: Neither I nor II
Correct Answer: Both I and II
Solution : The correct option is Both I and II.
Bank reserves include both cash held by banks and deposits with the central bank. Commercial banks hold reserves to meet withdrawal demands and to comply with reserve requirements set by regulatory authorities. These reserves can be held in the form of physical currency (cash) or as deposits with the central bank.
The Cash Reserve Ratio (CRR) is the portion of a bank's deposits that is mandated by the central bank to be kept as reserves in the form of cash. It is one of the methods used by central banks to control the money supply in the economy.
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Question : Which of the following statements is correct? I. The death rate in India was 7.2 per 1000 in 2011. II. Life expectancy at birth was 72.6 years in 2012.
Option 3: Neither I nor II
Option 4: Only I
Question : The rate at which the Reserve Bank of India lends to other commercial banks for the short term has been reduced. What is this rate called?
Option 1: Cash Reserve Rate
Option 2: Reverse Repo Rate
Option 3: Bank Rate
Option 4: Repo Rate
Question : In India, _____fixes the Cash Reserve Ratio(CRR) for the banks in the economy.
Option 1: Reserve Bank of India
Option 2: Ministry of Finance
Option 3: Ministry of External Affairs
Option 4: State Bank of India
Question : Which of the following pairs of "medal-players" is correct regarding the performance of India in the 2022 Commonwealth Games?
I. Sanket Sargar - Bronze II. Mirabai Chanu - Gold
Question : Which of the following pair of "player medals" is correct regarding the performance of India in the 2022 Commonwealth Games?
I. Bajrang Punia - Gold II. Sakshi Malik - Gold
Option 2: Only I
Option 4: Both I and II
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