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Anush Trivedi

· started a discussion

· 1 Months ago

wrong answer (Question: 370293.0 )

in reverse repo rate rbi borrow money from banks....

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

Knowledge Expert

· commented

· 1 Months ago

Dear Student,
We have made Changes in the answer.
The correct answer is option B.

Thanks and Regards
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