Question : ____________ is the rate at which the central bank lends money to commercial banks to meet their short term needs.
Option 1: Bank rate
Option 2: Repo rate
Option 3: Reverse repo rate
Option 4: Legal reserve reservation.
Answer (1)
14th Jan, 2024
Correct Answer:
Repo rate
Solution :
Repo rate is the rate at which the central bank lends money to commercial banks to meet their short term needs.
Hence, Option B is correct.
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