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In the context of Indian economy, which of the following is/are the purpose/purposes of
`Statutory Reserve Requirementsââ"šÂ¬Ã¢"žÂ¢?
1. To enable the Central Bank to control the amount of advances the banks can create
2. To make the peopleââ"šÂ¬Ã¢"žÂ¢s deposits with banks safe and liquid.
3. To prevent the commercial banks from making excessive profits.
4. To force the banks to have sufficient vault cash to meet their day-to-day
Select the correct answer using the code given below

1)1 only

2)1 and 2 only

3)2 and 3 only

4)1, 2, 3 and 4

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    1 and 2 only

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  • Exam: CSAT IAS 2014

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