📝 Multiple Choice Question
Economics
In banking terminology, what does 'SLR' stand for?
A
Statutory Legal Ratio
B
Statutory Liquidity Ratio
C
State Liquidity Ratio
D
State Legal Ratio
Explanation
The Statutory Liquidity Ratio (SLR) is the minimum percentage of deposits that commercial banks are required by the RBI to maintain in safe, liquid assets (such as government bonds or gold) before they can lend.
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