Question : Which among the following is correct about the Reverse Repo Rate?
Option 1: Reverse Repo Rate is a state in which the Value of Money is Falling and the Prices are rising, over a period of time.
Option 2: When a bank deposits its excess money in RBI then RBI provides some interest to that bank. This interest is known as the Reverse Repo Rate.
Option 3: When RBI provides a loan to the bank for a short-term between 1 to 90 days, RBI takes some interest from the bank which is termed as Reverse Repo Rate.
Option 4: When the money is borrowed or lent for more than a day up to 14 days it is called Reverse Repo Rate.
New: SSC CHSL tier 1 answer key 2024 out | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: When a bank deposits its excess money in RBI then RBI provides some interest to that bank. This interest is known as the Reverse Repo Rate.
Solution : The correct answer is When a bank deposits its excess money in RBI then RBI provides some interest to that bank. This interest is known as the Reverse Repo Rate.
The interest rate at which the Indian central bank, the RBI, borrows money for a brief period from commercial banks is known as the reverse repo rate. Having access to quick cash when needed is beneficial to the central bank. The RBI provides high-interest rates in exchange for the funds provided by commercial banks.
Candidates can download this e-book to give a boost to thier preparation.
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
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 main factor for the accelerated growth of population in India is
Question : Which of the following statements is/are correct concerning the demand for money? i. When the interest rate is high, the demand for money is low. ii. When the interest rate is low, demand for money is also low. iii. When the interest rate is high, demand for
Question : A certain amount of money was lent for 1 year 9 months at a rate of 10% per annum compounded annually. If the compound interest is INR 1,460, find the amount of money lent.
Question : A man borrowed a certain sum of money at the rate of 10% per annum simple interest for the first three years and 15% per annum simple interest for the period beyond three years. If he pays a total interest of INR 2,884.50 at the end of 7 years, then the sum of money (in INR)
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile