alleryStart learning →Rs 8,00,000 preference shares are redeemed with a fresh issue of Rs 3,00,000. CRR needed:
ARs 8,00,000
BRs 3,00,000
CRs 11,00,000
DRs 5,00,000
Answer & Solution
Correct answer: D. Rs 5,00,000
Only the part funded from profits needs CRR, which is 8,00,000 minus 3,00,000 = Rs 5,00,000.
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