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

    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

    Practice Next

    Relevant for Exams: