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Periodically Reserve Bank of India (RBI) reviews a few SLR norms. SLR stands for?

A: Statutory Liquidity Ratio
B: Statutory Liquidity Rate
C: Statutory Liquidity Return
D: Statutory Liquidity Repo
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Description:

Every bank is required to maintain at the close of business every day, a minimum proportion of their Net Demand and Time Liabilities as liquid assets in the form of cash, gold and un-encumbered approved securities. The ratio of liquid assets to demand and time liabilities is known as Statutory Liquidity Ratio (SLR).
RBI is empowered to increase this ratio up to 40%. An increase in SLR also restrict the bank’s leverage position to pump more money into the economy.
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