Question

What does SLR (Statutory Liquidity Ratio) require banks to hold a percentage of their deposits in?

• A. Cash
• B. Gold
• C. Approved debentures
• D. All of the above

Answer 1

Answer:

D. All of the above

• Statutory Liquidity Ratio - A fixed percentage of the deposits received by banks in gold, cash or approved debentures held by the Reserve Bank