Detailed explanation and options for the selected question.
What is the meaning of "Reverse Repo Rate"?
A.
Rate at which banks borrow from RBI
B.
Rate at which RBI borrows from banks
C.
Rate at which customers borrow from banks
D.
Rate at which banks lend to each other
Explanation:
Reverse Repo Rate is the rate at which RBI borrows money from commercial banks, usually to absorb excess liquidity. Other options do not represent Reverse Repo Rate.