Examveda
Examveda

"Repo Rate" refers to the rate at which

A. RBI borrows short-term money from the market

B. Banks keeps the money with RBI

C. Banks take money from RBI after offering some securities

D. Forex is purchased by RBI

Answer: Option B


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Comments ( 3 )

  1. Divya Es
    Divya Es :
    2 months ago

    Option B is cash reserve ratio as per my knowledge option C is the right answer

  2. Ashutosh Kumar
    Ashutosh Kumar :
    10 months ago

    No Neeraj it (B) is correct , repo rate is the rate at Which commercial banks kept its surplus amount with RBI.

  3. Neeraj Katoch
    Neeraj Katoch :
    1 year ago

    Repo rate is a rate at which the RBI lends money to the commercial banks . So B is not the right answer.

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