Question

Repo rate is the rate at which the _______?

A RBI lends to state government Correct Answer Incorrect Answer
B Banks lends to RBI Correct Answer Incorrect Answer
C RBI lends to banks Correct Answer Incorrect Answer
D None of these Correct Answer Incorrect Answer

Solution

It is also called as Repurchase rate. It is the interest rate at which the central bank of a country lends money to commercial banks.

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