In the context of Indian economy, which of the following is/are the purpose/purposes of `Statutory Reserve Requirements`? 1. To enable the Central Bank to control the amount of advances the banks can create 2. To make the peoples deposits with banks safe

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Q: 33 (IAS/2014)
In the context of Indian economy, which of the following is/are the purpose/purposes of 'Statutory Reserve Requirements'?
1. To enable the Central Bank to control the amount of advances the banks can create
2. To make the people’s deposits with banks safe and liquid
3. To prevent the commercial banks from making excessive profits
4. To force the banks to have sufficient vault cash to meet their day-to-day requirements
Select the correct answer using the code given below.
AnyChart Trial Version

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,33,162,33,91,11,60

keywords: 

{'statutory reserve requirements': [0, 0, 0, 1], 'central bank': [0, 0, 1, 2], 'sufficient vault cash': [0, 0, 0, 1], 'commercial banks': [0, 0, 1, 1], 'indian economy': [0, 3, 3, 5], 'banks': [5, 6, 5, 25], 'deposits': [2, 1, 3, 9], 'day requirements': [0, 0, 0, 1], 'purposes': [0, 1, 1, 3], 'purpose': [1, 0, 7, 13]}