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11th Standard English Medium Commerce Subject Reserve Bank of India Creative 2 Mark Questions with Solution Part - I

Published on: 26/06/2021

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Creative Questions in class 11 Commerce Subject. It will helps to get more idea about question pattern in every Creative questions with solution.

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Std: 11th Standard - Commerce

chapter: - Creative Questions

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Questions:

Generic 2

5 x 2 = 10

What do you mean by reverse repo rate?

What do you mean by Repo rate?

How did the remonetisation carried out in India in the year 2016?

Explain SLR.

What do you mean by CRR?

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Answers Key:

Generic 2

5 x 2 = 10

Reverse repo rate is the rate at which the RBI borrows money from Commercial banks by giving back those Government securities.

Repo rate is the repurchase rate at which the RBI repurchases the Government securities (other securities also) from the Scheduled banks and gives loans.

The remonetisation was carried out by issuing new Rs. 2000 and Rs. 500 currency notes.

It is the ration of money and money equivalents kept within the bank in proportion to the total Time and Demand Liabilities with them.

Cash Reserve Ratio (CRR) means it is the ratio of cash reserves with the RBI kept by Scheduled banks in proportion to the total Time and Demand Liabilities with them.