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    Question

    Which of the following statements is/are correct?

    I.            Under Overnight Repo, the banks may borrow only for up to 24 hours. II.            Under Overnight Repo a bank can borrow a maximum amount which is not more than 0.25 % of its NDTL. III.            Term Repo may not have a maturity period of more than 90 days.
    A I and II only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C I and III only Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    Explanation: All of the given statements are correct.

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