New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Bank Rate is also known

    as:
    A Repurchase obligation rate Correct Answer Incorrect Answer
    B Reverse repurchase obligation rate Correct Answer Incorrect Answer
    C MSF rate Correct Answer Incorrect Answer
    D Discount rate Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Bank rate is also referred to as the discount rate. It is the rate of interest at which RBI is ready to buy or rediscount bills of exchange or other commercial papers. No securities are pledged.

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