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Economy and Banking and Finance Static Concepts
What is the meaning of Bank Rate?
Question
What is the meaning of Bank Rate?
A
Rate at which RBI purchases or re-discounts Bills of Exchange of commercial Banks
Correct Answer
Incorrect Answer
B
Rate of interest at which commercial banks discounted bills of their borrowers
Correct Answer
Incorrect Answer
C
Rate of interest charged by commercial Banks from borrowers
Correct Answer
Incorrect Answer
D
Both 2 and 3
Correct Answer
Incorrect Answer
E
None of these
Correct Answer
Incorrect Answer
Solution
The correct answer is A
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South Indian Bank Probationary Clerk
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