Question Details

Detailed explanation and options for the selected question.

What does "Repo Rate" refer to in monetary policy?

A. Rate at which banks lend to customers
B. Rate at which RBI lends to banks
C. Rate at which RBI borrows from banks
D. Rate at which banks lend to the government

Explanation:

The Repo Rate is the rate at which RBI lends to commercial banks. The other options misrepresent the Repo Rate definition.