Indian Economy When RBI announces increase in cash reserve ratio, what does it mean?

Question

Q.34811: When RBI announces increase in cash reserve ratio, what does it mean?

Answer 1

Reserve Bank of India will have less money to lend

Answer 2

Central government will have less money to lend

Answer 3

Commercial banks will have relatively more money to lend

GK QUESTION ANSWERS

A	Commercial bank will have less money to lend
B	Reserve Bank of India will have less money to lend
C	Central government will have less money to lend
D	Commercial banks will have relatively more money to lend
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