1). Both II and III 2). Both I and III 3). Only III 4). Only II – InterviewSolution

1.	1). Both II and III 2). Both I and III 3). Only III 4). Only II
Answer» The Cash Reserve Ratio is the AMOUNT of funds that the scheduled commercial banks are REQUIRED to maintain with the RBI and it is calculated as a percentage of the Net Demand and Time Liabilities of the BANK. There is no CEILING in fixing the CRR by the RBI. It is maintained by banks on the fortnightly average basis. The scheduled banks do not earn any interest on the amount maintained with the RBI as CRR.

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