Which out of the following is/are correct regarding Cash Reserve Ratio (CRR)? a) Section 42 of RBI Act, 1934 lays foundation for maintaining CRR by scheduled commercial bank with RBI. b) Section 24 of the Banking Regulations Act, 1949 provide powers to RBI to levy CRR on banks c) At present CRR is 4 per cent of NDTL d) Banks have to maintain minimum 95 per cent of the required CRR on a daily basis and 100 per cent on an average basis during the fortnight Select the correct answer from following options:

Which out of the following is/are correct regarding Cash Reserve Ratio

1.	Which out of the following is/are correct regarding Cash Reserve Ratio (CRR)? a) Section 42 of RBI Act, 1934 lays foundation for maintaining CRR by scheduled commercial bank with RBI. b) Section 24 of the Banking Regulations Act, 1949 provide powers to RBI to levy CRR on banks c) At present CRR is 4 per cent of NDTL d) Banks have to maintain minimum 95 per cent of the required CRR on a daily basis and 100 per cent on an average basis during the fortnight Select the correct answer from following options:
A.	Only a, b and c
B.	Only b, c and d
C.	Only a, c and d
D.	All are correct
Answer» D. All are correct