MCQOPTIONS
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| 1. |
Minimum cash reserves fixed by law constitute |
| A. | A percentage of aggregate deposits of the bank |
| B. | A percentage of aggregate loans and advances of the bank |
| C. | A percentage of capital & reserves of the bank |
| D. | All of the above |
| E. | None of these |
| Answer» B. A percentage of aggregate loans and advances of the bank | |