[1] RBI has revised the CRR and other such rates upward, which has created a liquidity crunch in the market. |
[2] Stock markets in the country are showing very high fluctuations as visible through their indexes. As a result banks have lost a huge amount of money in trading. Banks now want .to recover that money by increasing their interest rates. |
[3] Banks are in need of a huge amount of money, as they have to give revised pay to all its employees. |
A) Only (1)
B) Only (2)
C) Only (3)
D) All (1), (2) & (3)
E) None of these
Correct Answer: A
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