{"id":33258,"date":"2024-04-15T09:13:56","date_gmt":"2024-04-15T09:13:56","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=33258"},"modified":"2024-04-15T09:13:56","modified_gmt":"2024-04-15T09:13:56","slug":"crr-in-c-is-used-for","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/crr-in-c-is-used-for\/","title":{"rendered":"CRR in &#8216;C&#8217;. . . . . . . . is used for"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Customer&#8221; option2=&#8221;Cash&#8221; option3=&#8221;Commission&#8221; option4=&#8221;Credit&#8221; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is <strong>Cash<\/strong>.<\/p>\n<p>CRR stands for Cash Reserve Ratio. It is the minimum amount of cash that banks are required to hold in their vaults or with the central bank. The CRR is set by the central bank and is used to control the money supply in the economy.<\/p>\n<p>A customer is a person or organization that buys goods or services from a business.<\/p>\n<p>A commission is a fee paid to an agent or broker for their services.<\/p>\n<p>Credit is a loan that is given to a borrower by a lender.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Customer&#8221; option2=&#8221;Cash&#8221; option3=&#8221;Commission&#8221; option4=&#8221;Credit&#8221; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"class_list":["post-33258","post","type-post","status-publish","format-standard","hentry","category-banking-and-financial-institutions","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CRR in &#039;C&#039;. . . . . . . . is used for<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/crr-in-c-is-used-for\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CRR in &#039;C&#039;. . . . . . . . is used for\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Customer&#8221; 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