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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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