Question : The rate at which RBI gives short-term loans to commercial banks is called:
Option 1: repo rate
Option 2: reverse repo rate
Option 3: bank rate
Option 4: cash reserve rate
Latest: SSC CGL Tier 1 Result 2024 Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: repo rate
Solution : The correct option is the repo rate .
The repo rate is the interest rate at which the Reserve Bank of India (RBI) offers short-term loans to commercial banks. The phrase repo means a repurchase agreement. It is a tool for monetary policy that central banks employ to manage liquidity and regulate interest rates in the market.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : The interest rate at which the Reserve Bank of India provides overnight liquidity to banks is called ________.
Question : What is the bank rate?
Question : The ________ and _______ determine the corridor for the daily movement in the weighted average call money rate.
Question : The reserve held by Commercial Banks over and above the statutory minimum with the RBI are called:
Question : Which of the following sponsors Regional Rural Banks (RRBs)?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile