Question

3. Maximum credit that the commercial banks can legally create is indicated by:
(a) 1/SLR
(b) 1/CRR X 1/Cash Reserves with the RBI
(c) 1/CRR X Total deposits (d) 1/CRR X Cash reserves with the RBI
Break-even noint occurs when​

Answer 1

Answer:

a option is correct fpr this

Answer 2

Answer:

1/CRR*CASH RESERVERS WITH RBI