In the context of the Indian economy, which of the following is/are the purpose/purposes of “Statutory Reserve Requirements”?
- To enable the Central Bank to control the amount of advances the banks can create.
- To make the people’s deposits with banks safe and liquid
- To prevent the commercial banks from making excessive profits.
- To force the banks to have sufficient vault cash to meet their day-to-day requirements.
Select the correct answer using the code: