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Banks in India these days hold about what share of their deposits as cash?

A85 per cent
B15 per cent
C50 per cent
D5 per cent
Answer & Solution
Correct answer: B. 15 per cent
1. It covers depositors who come to withdraw. 2. About 15 per cent is kept as cash. 3. The rest is used for loans. _Source: syllabus Understanding Economic Development, Chapter 3, Money and Credit._
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