1 View

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


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 15th Jan, 2024

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).

How to crack SSC CHSL

Candidates can download this e-book to give a boost to thier preparation.

Download Now

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
GRE ® Registrations 2024
Apply
Apply for GRE® Test now & save 10% with ApplyShop Gift Card | World's most used Admission Test for Graduate & Professional Schools
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books