Question

What is the meaning of Bank Rate? 

A Rate at which RBI purchases or re-discounts Bills of Exchange of commercial Banks
B Rate of interest at which commercial banks discounted bills of their borrowers
C Rate of interest charged by commercial Banks from borrowers
D Both 2 and 3
E None of these
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)