The reserves held by Commercial Banks ov...

The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called

Cash reserves

Deposit reserves

Excess reserves

Momentary reserves

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The correct Answer is:

Excess reserves

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The portion of the commercial bank's reserves that are maintained in accounts with their central bank plus the total currency circulating in the public it termed as

A proportion of the total deposits and reserves of the Commercial Banks with the Reserve Bank of India is called :

Cash Reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank. CRR is set according to the guidelines of the central bank of a country. CRR controls-

The rate of interest on which commercial banks borrow money from RBI to meet their short term credit needs is known as:

The interest rate at which the Reserve Bank of India lends to commercial banks in the short term to maintain liquidity is known as:

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