In the context of Indian economy; which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’? [UPSC, Civil Services 2014, Paper 1]
- To enable the Central Bank to control the amount of advances the banks can create
- To make the people deposits with banks safe and liquid
- To prevent the commercial banks from making excessive profits
- To force the banks to have sufficient vault cash to meet their day-to-day requirements
1 only
1 and 2 only
2 and 3 only
1, 2, 3 and 4