Question : The interest rate at which the Reserve Bank of India provides overnight liquidity to banks is called ________.
Option 1: Reverse repo rate
Option 2: Marginal standing facility rate
Option 3: Repo rate
Option 4: Leverage rate
Correct Answer: Repo rate
Solution : The correct option is the Repo rate.
The repo rate is when the central bank lends money to commercial banks against government securities. This is short-term borrowing in which banks sell government securities to the RBI. All this is done through an agreement that says the g-sec is repurchased.
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Question : The monetary policy is India is formulated by:
Option 1: central government
Option 2: industrial financial corporation of India
Option 3: Reserve Bank of India
Option 4: Industrial Development Bank of India
Question : Which of the following was established on the recommendation of the Hilton Young Commission?
Option 1: The Securities and Exchange Board of India (SEBI)
Option 2: The Reserve Bank of India
Option 3: State Bank of India
Option 4: National Bank for Agriculture and Rural Development
Question : Reserve Bank of India was nationalised in:
Option 1: 1947
Option 2: 1948
Option 3: 1949
Option 4: 1951
Question : Economic Survey in India is published officially every year by the:
Option 1: Reserve Bank of India
Option 2: NITI Aayog
Option 3: Ministry of Finance
Option 4: Ministry of Commerce
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