Question : The monetary policy instrument called "bank rate" is aligned to ______________.
Option 1: liquidity adjustment facility
Option 2: cash reserve ratio
Option 3: discount rate
Option 4: the marginal standing facility rate
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Correct Answer: the marginal standing facility rate
Solution : The correct answer is the marginal standing facility rate .
The marginal standing facility rate is the rate at which banks borrow funds overnight from the Reserve Bank of India against the approved government securities. It is used by the banks to borrow from the RBI in any emergency. The current marginal standing facility rate is 6.75% (Oct. 2023).
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Question : Which of the following is not a monetary policy instrument of RBI?
Question : The Fiscal policy achieves the macroeconomic goals by using which of the following instruments?
Question : The rate at which the Reserve Bank of India lends to other commercial banks for the short term has been reduced. What is this rate called?
Question : The commercial banks of India have to maintain a minimum percentage of cash, gold and other securities before lending loans to their customers. This is called the ____________.
Question : In India, _____fixes the Cash Reserve Ratio(CRR) for the banks in the economy.
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