What do we call the rate at which the Reserve Bank of India lends money to commercial banks?
The Repo Rate (Repurchase Rate) is the policy interest rate at which the Reserve Bank of India lends short-term funds to commercial banks against approved government…
Choose your answer
What do we call the rate at which the Reserve Bank of India lends money to commercial banks?
Answer and explanation
Correct answer A
The Repo Rate (Repurchase Rate) is the policy interest rate at which the Reserve Bank of India lends short-term funds to commercial banks against approved government securities.
Practice for these exams
-
RPSC School Lecturer (School Education)