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      Question

      The minimum rate at which the central bank re-discounts

      bills held by commercial banks is called:
      A Repo Rate Correct Answer Incorrect Answer
      B CRR Correct Answer Incorrect Answer
      C Bank Rate Correct Answer Incorrect Answer
      D Prime Lending Rate Correct Answer Incorrect Answer

      Solution

      Bank rate is the minimum rate at which the central bank re-discounts bills held by commercial banks.

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