What does CRR stand for?
Q. What is the full form of CRR?- Published on 13 Feb 17
a. Cash Reserve Rate
b. Cash Reserve Raio
c. Cash Recession Ratio
d. Core Reserve Rate
ANSWER: Cash Reserve Raio
Cash Reserve Ratio is a certain percentage of bank deposits which banks are required to keep with RBI in the form of reserves or balances.
Higher the CRR with the RBI, lower will be the liquidity in the system and vice versa.
RBI is empowered to vary CRR between 15 percent and 3 percent.
As of 4 October 2016, the CRR is 4.00 percent.