Banking Awareness Test for IBPS, RBI, SBI, NABARD & other Bank Examinations

Q.  What happens when CRR is increased?

a. It decreases money supply
b. It increases demand for money
c. It decreases inflation
d. All of the above


ANSWER: See Answer
 
When CRR is increased , it decreases money supply, Increases interest rates on home loans, car loans etc. and in inter-bank market, Increases demand for money and decreases inflation.
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