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    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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