Question

As we all know, RBI recently hiked the CRR by 0.25 basis points. What immediate impact will it have on the functioning of banks ?
(A) Banks will have to lock some additional fund with the RBI without any income generation to the banks on these funds,
(B) Banks will have to raise their capital base by bringing IPOs or by taking money from the Government of India.
(C) Banks will have to give more funds to priority sectors and less to corporate sector.
(1) only(A)
(2) only (B)
(3) only(C)
(4) All (A), (B) and (C)
(5) None of these

Answer 1

third option is answer

Answer 2

hey mate here's ur answer........

C) Banks will have to give more funds to priority sectors and less to corporate sector.

hope it helps