πŸ“Š Economic
Q. When the Reserve Bank of India reduces the Statutory Liquidity Ratio by 50 basis points, which of the following is likely to happen?
  • (A) Scheduled Commercial Banks may cut their lending rates
  • (B) It may drastically reduce the liquidity to the banking system
  • (C) India's GDP growth rate increases drastically
  • (D) Foreign Institutional Investors may bring more capital into our country
βœ… Correct Answer: (A) Scheduled Commercial Banks may cut their lending rates

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