Q: Under which section, RBI has the sole right to issue currency notes in India ?
Ans: Under Section 22 of the Reserve Bank of India Act, RBI has sole right to issue currency notes of various denominations except one rupee notes.
Q: Difference between Cash Reserve Ratio and Statutory Liquidity Ratio?
Ans: Cash Reserve Ratio: Cash and equivalents No interest Low CRR @happy banks Statutory Liquidity ratio: Banks will keep the amount with itself but in the form of cash, gold or government securities. It is an interest income. RBI maintains the Liquidity of bank through SLR.
Comments
Post a Comment