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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Money Supply and Indian Financial System

  • question_answer
          As per Section 24 (2A) of Banking Regulation Act 1949, every banking company in India has to maintain equivalent to an amount which shall not at the close of the business on be less than 25 % of the total of its net demand and time liabilities, which is known as SLR. Which among the following is the correct option?

    A) Any Day   

    B) Any Week

    C) Any Fortnight

    D)        Any Month

    Correct Answer: A

    Solution :

    Not Available              


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