Since the economic reforms were launched in India, which one

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Economics

594

M: +2.00/-0.50

Since the economic reforms were launched in India, which one of the following statements is true for Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) of the commercial banks

U.P.P.C.S. (Pre) 1999

[Fiscal Policy, Inflation Planning and Banking]

Both SLR and CRR have been raised

SLR has been reduced but CRR has been raised

SLR has been raised but CRR has been reduced

Both SLR and CRR have been reduced

EXPLANATION

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