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Sanchit

· started a discussion

· 1 Months ago

Wrong answer (Question: 370293.0 )

When bank takes loan from rbi then interest charged is repo rate and when banks deposit their money in rbi then rbi pays interest called reverse repo rate

Question:

The Interest rate at which the RBI lends to commercial banks in the short- term to maintain liquidity is known as

Options:
A)

Interest Rate

B)

Repo Rate

C)

Reverse Repo Rate

D)

All of the above

Solution:

Ans(b)


Repo rate is the rate at which RBI lends to its clients generally against government securities

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