Question

Bank rate means?

A Interest rate charged by money lenders Correct Answer Incorrect Answer
B Interest rate charged by Scheduled Banks Correct Answer Incorrect Answer
C Rate of Profit of banking institution Correct Answer Incorrect Answer
D Official rate of interest charged by Central Bank Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Bank rate is the rate charged by the central bank for lending funds to commercial banks.

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