When RBI announced on increase in Cash Reserve Ratio (CRR) t

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When RBI announced on increase in Cash Reserve Ratio (CRR) then what does it mean?

Chhattisgarh P.C.S. (Pre) 2017

[Fiscal Policy, Inflation Planning and Banking]

The Union Government will have less money to lend

The RBI will have less money to lend

The commercial bank will have less money to lend

All of the above

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