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Which statement best explains Statutory Liquidity Ratio?

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Question ID #26619 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 2 Medium

Which statement best explains Statutory Liquidity Ratio?

Correct Answer: D. Share of specified liabilities maintained by banks in prescribed liquid assets
Statutory Liquidity Ratio: Share of specified liabilities maintained by banks in prescribed liquid assets

Question: Which statement best explains Statutory Liquidity Ratio?

A. Market value of final goods and services produced within a country during a given period

B. Destination-based indirect tax on supply of goods and services with input-tax-credit mechanism

C. Market-driven fall in the rupee's value relative to another currency

D. Share of specified liabilities maintained by banks in prescribed liquid assets

Correct Answer: D. Share of specified liabilities maintained by banks in prescribed liquid assetsStatutory Liquidity Ratio: Share of specified liabilities maintained by banks in prescribed liquid assets

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Which statement best explains Statutory Liquidity Ratio? - MCQ Explanation

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Correct answer: D. Share of specified liabilities maintained by banks in prescribed liquid assets