What is the Cash Reserve Ratio (CRR)?

XII Economics NCERT syllabus

Flashcard
•
Other
•
11th - 12th Grade
•
Hard
Shrishti Kaushik
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10 questions
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1.
FLASHCARD QUESTION
Front
Back
the fraction of the deposits that commercial banks must keep with RBI
2.
FLASHCARD QUESTION
Front
What possesses general acceptability?
Back
Money
3.
FLASHCARD QUESTION
Front
Which bank is called lender of last resort?
Back
Central bank
4.
FLASHCARD QUESTION
Front
Which bank enjoys monopoly power of Note issue?
Back
Central Bank
5.
FLASHCARD QUESTION
Front
The rate at which central bank lends to commercial banks is called?
Back
bank rate
6.
FLASHCARD QUESTION
Front
Buying and selling of government securities by the central bank from/to banks is called?
Back
open market operations
7.
FLASHCARD QUESTION
Front
Which of the following is a commonly accepted definition of money?
Back
Any good which is commonly accepted as medium of exchange
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