UPSC Prelims 2015EconomyQuestion 16 of 17When the Reserve Bank of India reduces the Statutory Liquidity by 50 basis points, which of the following is likely to happen?AIndia’s GDP growth rate increases drasticallyBForeign Institutional Investors may bring more capital into our countryCScheduled Commercial Banks may cut their lending ratesDit may drastically reduce the liquidity to the banking systemSee explanation
