What is the current rate of Statutory liquidity ratio (SLR)April 2019?
- AOption (a)
10%
- BOption (b)
18.75%
- COption (c)
22%
- DOption (d)
25%
- EOption (e)
40%
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Correct answer
18.75%
Why this answer is correct
- Current rate of Statutory liquidity ratio (SLR) is 18.75%.
- SLR (Statutory Liquidity Ratio) is the money a commercial bank needs to preserve in the form of cash, or gold or government authorized securities.
- SLR is decided by Reserve Bank of India.