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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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