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    Question

    What is Repo Rate?

    A The bank gives loans to the Reserve Bank of India at short term rates. Correct Answer Incorrect Answer
    B Short term rate at which the government lends to the bank. Correct Answer Incorrect Answer
    C The short-term rate at which the Reserve Bank of India lends to the bank. Correct Answer Incorrect Answer
    D The short term rate at which the bank provides loans to the customers. Correct Answer Incorrect Answer

    Solution

    The Repo Rate is the rate at which the Reserve Bank of India lends short-term money to banks, influencing the cost of borrowing and playing a crucial role in monetary policy management.

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