Indian-Economy
General Knowledge

 Back to Questions
Q.

Which bank raised the reserve requirement ten times in 2007 and eleven times since the beginning of 2010?

 A.

Bank of India

 B.

Bank of America

 C.

Reserve Bank of India

 D.

People’s bank of China

 Hide Ans

Solution:
Option(D) is correct

The People's Bank of China uses changes in reserve requirements as an inflation-fighting tool, and raised the reserve requirement ten times in 2007 and eleven times since the beginning of 2010.


(0) Comment(s)