When the Reserve Bank of India announces an increase of the Cash Reserve Rate, what does it mean?

(a) The commercial banks will have less money to lend

(b) The Reserve Bank of India will have less money to lend

(c) The Union Government will have less money to lend

(d) The commercial banks will have more money to lend


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(a) CRR or the Cash Reserve Ratio is that ratio of the total deposits held by a bank which it has to keep with the central bank of country.