Q. In India, which of the following relate to the Minimum Reserve Requirements under RBI guidelines?
1.Cash Reserve Ratio (CRR) mandates banks to hold 4.5% of net demand and time liabilities as cash with RBI.
2.Statutory Liquidity Ratio (SLR) requires 18% investment in government securities as of 2025.
3.Both CRR and SLR can be adjusted by RBI without a statutory floor since the 2006 Amendment.
Select the correct answer using the code given below:
Answer: D
Notes:
Explanation: All are correct. CRR is 4.5% (post-2024 cuts); SLR at 18%; 2006 Act removed the 3% CRR floor for flexibility in monetary policy.
