Question
EconomyBanking, Credit and Financial InclusionBanking Regulation and Prudential NormsMedium
Question details
Type:
Statement based
Skill:
Concept understanding
Tags:
Banking Regulation and Prudential Norms
Related topics:
Monetary Policy and Liquidity Management
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In the context of Indian economy, which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’? 1. To enable the Central Bank to control the amount of advances the banks can create 2. To make the people’s deposits with banks safe and liquid 3. To prevent the commercial banks from making excessive profits 4. To force the banks to have sufficient vault cash to meet their day-to-day requirements Select the correct answer using the code given below.

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Question 33 · Banking Regulation and Prudential Norms · Economy · UPSC Prelims 2014 (GS)

Topics and years

2014 · GS · Question 33