Question Details

Detailed explanation and options for the selected question.

What is a “repo rate”?

A. Rate at which RBI lends money to the government
B. Rate at which RBI lends money to commercial banks
C. Rate at which commercial banks lend money to individuals
D. Rate at which the government borrows from foreign countries

Explanation:

Repo rate is the rate at which RBI lends to commercial banks. It does not involve government borrowing or individual loans.

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