alleryStart learning →The SLR is fixed as a percentage of which base?
ANet profit of the bank
BPaid-up share capital
CDemand and time liabilities
DTotal advances outstanding
Answer & Solution
Correct answer: C. Demand and time liabilities
The SLR is set by the RBI as a share of the bank's total demand and time liabilities.
Keep practising Special Features of Audit of Banks and Non-Banking Financial Companies
Browse all Special Features of Audit of Banks and Non-Banking Financial Companies questions for CA Final, or explore more Auditing topics.
Related questions
Under s.17, what must a profitable bank do before declaring dividend?A bank trades in groceries for profit. Which section does this breach?Which of these is an example of a non-banking financial institution?An NBFC differs from a bank in that it is what?A loan is generally non-performing when payments of interest and principal are past due byWhich formula gives SLR? (DTL = demand plus time liabilities)Raising SLR is generally used by RBI for what purpose?The statutory liquidity ratio is expressed as a percentage of which bank amount?