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SLR may be held in cash, gold and balances in approved:

ASyndicates
BSurrenders
CSecurities
DSubsidies
Answer & Solution
Correct answer: C. Securities
1. The gold is taken at current market value. 2. The cash is taken at book value. 3. The balances must be in unencumbered approved securities. _Source: RBI, Glossary_
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