Question

All scheduled banks are required to maintain a certain minimum cash reserve ratio with the RBI. This provision enables RBI to ensure what?
(a) forex rate fluctuations
(b) Credit Position of the Country
(c) Savings of People
(d) Collect Public Data of Money held by People​

Answer 1

Answer:

credit position of the country

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Answer 2

Answer: b

Explanation: credit position of the country