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     EduGorilla 
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    The Reserve Bank of India (RBI) had introduced an incremental Cash Reserve Ratio (CRR) few years ago to

    1. Allow banks to cut down their priority sector lending targets
    2. Absorb excess liquidity in the banking system following demonetization
    3. Increase the loanable funds with RBI

    Select the correct answer using the codes below.

    Options :-

    1. 1 and 2 only

    2. 2 and 3 only

    3. 2 only

    4. 1 and 3 only

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