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      Question

      In monetary policy, repo rate refers

      to:
      A Rate at which banks lend to RBI Correct Answer Incorrect Answer
      B Rate at which RBI lends to commercial banks Correct Answer Incorrect Answer
      C Rate at which commercial banks borrow from each other Correct Answer Incorrect Answer
      D Rate at which RBI accepts foreign currency deposits Correct Answer Incorrect Answer
      E Rate at which banks lend to customers Correct Answer Incorrect Answer

      Solution

      The repo rate is the interest rate at which RBI lends to banks against government securities.

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