Given Cash Reserve Ratio 0.19 and Statutory Liquidity Ratio 0.06, how much will be the credit creation if there are new deposits of Rs 1,000 crore in commercial banks.
Correct Answer - A
Equivalent mass of silver = 108
Equivalent mass of aluminium in `(AlCl_(3))=27/3 =9`
`W_(Ag)/W_(Al)=E_(Ag)/E_(Al)`
`54/W_(Al)=108/9`
`W_(Al)=4.5 g`
Correct Answer - True The percentage ( ratio ) of deposits that banks keep with themselves is called SLR and what they keep with Central Bank is called CRR.