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SSC CHSL 2022 PYQ — Question 46

SSC CHSL - 27 May 2022 - Shift 3 • General Awareness • Q46

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SLR is an important tool used by RBI to control money supply in the economy. The full form of SLR is ____________________.

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Correct answer: C

Explanation

The correct answer is option 3 i.e. Statutory Liquidity Ratio.

  • The primary objective of the SLR rate is to maintain liquidity in financial institutions operating in the country.
  • The SLR rate also helps: Control credit flow and inflation, Promote investment in government securities.
  • RBI has kept 40% as the maximum limit for SLR. SLR is calculated as a percentage of all the deposits held by the bank