A) India's GDP growth rate increases drastically
B) Foreign Institutional Investors may bring more capital into our country
C) Scheduled Commercial Banks may cut their lending rates
D) It may drastically reduce the liquidity to the banking system
Correct Answer: C
Solution :
When the Reserve Bank of India reduces the Statutory Liquidity Ratio by 50 basis points; the Scheduled Commercial Banks may cut their lending rates.You need to login to perform this action.
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