Detailed explanation and options for the selected question.
What does "Bank Rate" signify?
A.
Rate at which RBI lends to the government
B.
Rate at which RBI lends to banks without collateral
C.
Rate at which banks lend to RBI
D.
Rate at which banks lend to customers
Explanation:
The Bank Rate is the rate at which RBI lends to commercial banks without collateral. It is different from rates involving customer or interbank transactions.